Inauguration week: Opportunities in Stocks, Forex, and Crypto
Hot news
20 January 2025
28 views
Inauguration week: Opportunities in Stocks, Forex, and Crypto
Donald Trump’s launch of the $TRUMP cryptocurrency has created significant market buzz, with an estimated $72 billion market cap and 80% of the supply controlled by Trump Organization affiliates. The U.S. Supreme Court’s decision to enforce TikTok’s divestment may redirect up to $8.64 billion in ad revenue to platforms like Meta, YouTube, and Snapchat, though Trump may delay the ban through executive orders.
Trump’s inauguration on January 20, 2025, marks the start of a new chapter for markets, with potential volatility from incoming executive orders.
Cryptocurrency
On January 17, 2025, Donald Trump surprised the industry by launching a meme cryptocurrency, $TRUMP, which has already reached a market capitalization of $72 billion according to Axios. Reports indicate that 80% of the token’s supply is controlled by Trump Organization affiliates, potentially adding over $50 billion to Trump’s net worth.
Forex
Some analysts predict the New Zealand and Canadian dollars could be vulnerable to US dollar strength this week, compounded by both countries set to release inflation data on January 21, 2025.
Stocks
The U.S. Supreme Court upheld a law requiring TikTok’s Chinese parent, ByteDance, to divest U.S. operations. Meta, Alphabet’s YouTube, and Snap Inc. could benefit as advertisers redirect spending. However, Trump has indicated plans to issue an executive order delaying the ban, which may alter these projections unless Meta CEO Mark Zuckerberg can successfully leverage his new-found friendship with the incoming administration.
Related articles
-
Hot news
Massive week for Aussie and Kiwi markets
Massive week for Aussie and Kiwi markets The RBA’s upcoming decision is highly uncertain, with markets pricing in a rate cut but some experts suggesting it’s a 50/50 call, which could impact election timing. The RBNZ is widely expected to cut rates this week, with most economists predicting a 50bps reduction, though some foresee a…
17 February 2025
32 views
-
Hot news
Trade War Begins? China Strikes Back with Tariffs
Trade War Begins? China Strikes Back with Tariffs China has imposed new tariffs on key U.S. exports and introduced export controls on critical rare metals, escalating trade tensions. The U.S. is considering new reciprocal tariffs, including ending a tax exemption on small-value imports from China, which could generate $53 billion in federal revenue. In what…
10 February 2025
30 views
-
Hot news
Will Trump replace Powell as Fed Chair?
Will Trump replace Powell as Fed Chair? Trump has openly criticized the Fed and could replace Jerome Powell if re-elected, potentially before Powell’s term ends in May 2026. A Trump-aligned Fed chair would likely push for lower interest rates, which could strengthen the dollar while pressuring U.S. stocks. The Federal Reserve has kept interest rates…
30 January 2025
32 views
