FXTM information and reviews
OctaFX information and reviews
XM information and reviews
FXCC information and reviews
HFM information and reviews
FxPro information and reviews

The Davos Agenda 2021: What You Need To Know

26 January 2021

If not for Covid-19, world leaders would be enroute to the Swiss ski resort of Davos to discuss critical issues affecting the globe. However, the main event will now take place in Singapore near the end of May thanks to the coronavirus situation in Europe.

Nevertheless, an online event named ‘The Davos Agenda’ kicks off today till January 29th under the theme “A Crucial Year to Rebuild Trust”.

Who is invited?

I would love a personal invite, but not anybody can attend this prestigious event. This is reserved for key government officials, business leaders, financial heavyweights, and heads of states. Major speakers include European Central Bank President Christine Lagarde, Bill Gates, Chinese President Xi Jinping, and many others.

Guess who was not invited…former US President Donald Trump. Already banned from Twitter and Facebook, it looks like he will be blocked from attending another WEF at Davos – especially after World Economic Forum (WEF) founder Klaus Schwab showed little interest in extending an offer.

What will be discussed?

The Davos Agenda 2021 will centre on the theme of a "Crucial Year to Rebuild Trust". Over the past year, the coronavirus menace has disrupted lives, crippled businesses and punished economies across the globe. However, with the first vaccine doses being administered there is some light at the end of the tunnel. World leaders will discuss critical issues revolving around vaccination programs, job creation and climate change. Essentially, the virtual conference aims to develop forward-looking and sustainable solutions for a post-Covid-19 world.

Why does this even matter?

Investors will be closely scrutinizing the virtual high-level meetings for key clues on what to expect from world leaders, government and business leaders in 2021. Should the meetings/speeches sound hopeful and optimistic, this may boost sentiment over the global outlook.

However, if world leaders sound cautious and pessimistic – especially in regards to the Covid-19 developments, risk-off could make an unwelcome return.

How will this impact markets?

So far so good, the event has had little impact on financial markets. Investors seem to be more concerned about surging coronavirus cases, the pace of vaccine rollouts, earnings and the great ‘reflation trade’ among many other key themes.

There could be some fireworks sparked by ECB President Christine Lagarde's speech, especially if she offers fresh clues on the ECB’s monetary policy path in the face of Covid-19.

Where can I watch this?

You can watch the live and recorded sessions on the official World Economic Forum website. Here is the link - https://www.weforum.org/events/the-davos-agenda-2021

What about the charts?

For my technical traders, our commodity spotlight shines on Gold. Prices are struggling to break away from the sticky $1850 level. It looks like the metal is waiting for a fresh directional catalyst to breakout or down. Gold is trading below the 50 & 100 SMA but the 200 SMA is acting as a reliable support. We will revisit this setup mid-week.


Share: Tweet this or Share on Facebook


XM Receives Award at Finance Magnates Africa Summit
XM Receives Award at Finance Magnates Africa Summit

From May 8th to the 10th our team in South Africa was at the first ever Finance Magnates Summit (FMAS:23). XM was there as Diamond Sponsor, and during the summit, we were honoured with the Best Customer Service in Africa award...

30 May 2023

Five Reasons for Copy Trading: Unlocking Your Financial Potential
Five Reasons for Copy Trading: Unlocking Your Financial Potential

With the social trading sector expected to grow and reach a market size of $3.77 billion by 2028, copy trading, a form of social trading, is fast becoming a popular way for traders to achieve their financial and trading goals...

29 May 2023

TRXUSD now available on OctaFX trading platform
TRXUSD now available on OctaFX trading platform

TRXUSD is a popular high-cap cryptocurrency used on the TRON blockchain platform. With the addition of TRXUSD to our platform, our clients can diversify their investments and take advantage of the potential of this cryptocurrency on the market...

24 May 2023

An Introduction to Copy Trading Platforms and How to Choose One
An Introduction to Copy Trading Platforms and How to Choose One

Investing in financial markets can be both daunting and time consuming, especially for those with limited experience in trading. However, copy trading platforms offer a simple and convenient way...

24 May 2023

Planned optimization of MetaTrader 4 platform
Planned optimization of MetaTrader 4 platform

We would like to inform you that on Saturday, May 20, 2023, from 00:30 to 22:00 EEST, the MetaTrader 4 platform will be temporarily unavailable due to the planned...

22 May 2023

T4Trade: Introduction to CFD Trading
T4Trade: Introduction to CFD Trading

Learn what CFDs are, the advantages and risks of trading CFDs as well as some useful tips to help you find success when trading online...

19 May 2023

Editors' Picks

FXCM information and reviews
MultiBank Group information and reviews
MultiBank Group
RoboForex information and reviews
Libertex information and reviews
Vantage information and reviews
FP Markets information and reviews
FP Markets

© 2006-2023 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.