Key focus for traders about the Davos Conference in January
At the end of January, every year, the top world leaders will head to Davos, a mountainous region in Switzerland. The leaders will be meeting for the annual World Economic Forum (WEF) in the luxurious resorts in the country.
The theme for 2019’s event was ‘Globalization 4.0: Shaping a New Architecture in the Age of the Fourth Industrial Revolution.’ In 2020, instead, it will be ‘Stakeholders for a cohesive and sustainable world’.
The meeting has been taking place annually since 1971. It aims to bring political, economic, business, and social leaders to tackle the world’s biggest problems. However, its effects has yet to be felt at the grassroot level and is often compared to an annual jamboree of the world’s elites.
Why, as a Trader, you have to follow Davos Meeting
As a trader, the meetings at Davos will create important trading and learning opportunities.
As the conference continues, the events will be covered by major television channels like Bloomberg and CNBC. The channels will interview key leaders such as senior CEOs and senior members of organizations such as OPEC (great for crude oil trading).
Such meetings can help you get more information about the performance of key assets.
In other words, the meetings provide an interesting opportunity for traders to have fundamental analysis insights from top leaders. For example, an interview with the head of South African central bank will give you more insights about the South African economy.
This is important because the head of the bank is not featured often in the media. The same is true with leaders from other emerging markets like Peru, Russia, and Brazil.
And for companies. Interviews of companies that are not covered regularly in the media will help you get more details about them.
The topics of the Conference
The forums at the meetings will provide investors and traders a good opportunity to learn more about the world. This is because there will be representatives from all parts of the world.
If you want to learn more about Asia, there will be forums dedicated to Asia. If you want to learn more about Africa, there will be meetings focused on that. Further, there will be forums about other topics such as climate change, geopolitics, and globalization.
The forum will also help you identify the key trends about the world’s market. For example, senior executives in the technology industry will be at the meeting and will share their feelings about the future of their respective industries.
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In short, the Davos meeting create an interesting opportunity for you to trade and make money. A good way to do this is to follow the proceedings and the interviews in media channels like Bloomberg and CNBC.
You should also follow the proceedings in social media.