{"id":293437,"date":"2020-11-06T05:34:14","date_gmt":"2020-11-05T18:34:14","guid":{"rendered":"https:\/\/www.gomarketingteam.com\/articles\/week-summary-us-stimulus-politics-brexit-and-covid-19-2\/"},"modified":"2021-02-19T12:13:12","modified_gmt":"2021-02-19T01:13:12","slug":"week-summary-us-stimulus-politics-brexit-and-covid-19-2","status":"publish","type":"post","link":"https:\/\/www.gomarkets.com\/en\/weekly-summaries\/week-summary-us-stimulus-politics-brexit-and-covid-19-2\/","title":{"rendered":"Weekly Summary &#8211; A Biden Presidency and A Republican Senate?"},"content":{"rendered":"<p><strong>By Deepta Bolaky<\/strong><br \/>\n<img style=\"float: left; width: 20px; padding-top: 4px;\" src=\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2018\/08\/twitter.png\" \/>\u00a0<a href=\"https:\/\/twitter.com\/DeeptaGOMarkets\">@DeeptaGOMarkets<\/a><\/p>\n<p><span style=\"font-weight: 400;\">As widely expected, the focus was on the most-awaited political event of the year &#8211; <\/span><a href=\"https:\/\/www.gomarkets.com\/au\/articles\/us-election-2020-eyes-on-the-us-senate\/\"><span style=\"font-weight: 400;\">US Presidential Election<\/span><\/a><span style=\"font-weight: 400;\">. It is the global event that may potentially affect the global economy, alliances and trade agreements. Unlike any presidential election, the attention was revolving more towards the focus for stimulus and the stalemate in Congress. <\/span><\/p>\n<h4><b>Stock Market &#8211; Joe Biden Leadership, Republican Senate<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Despite an unprecedented health and economic crisis, the 2020 election reflects a deeply polarised nation similar to the 2016 election results. As of writing, there are still some key states yet to be claimed:<\/span><\/p>\n<ul>\n<li><b>Georgia &#8211; <\/b><span style=\"font-weight: 400;\">Very Tight race<\/span><\/li>\n<li><b>Pennsylvania &#8211; <\/b><span style=\"font-weight: 400;\">Tight race with Trump leading<\/span><\/li>\n<li><b>Arizona &#8211; <\/b><span style=\"font-weight: 400;\">Biden Leading<\/span><\/li>\n<li><b>Nevada &#8211; <\/b><span style=\"font-weight: 400;\">Biden Leading<\/span><\/li>\n<li><b>North Carolina &#8211; <\/b><span style=\"font-weight: 400;\">Trump leading<\/span><\/li>\n<li><b>Alaska &#8211; <\/b><span style=\"font-weight: 400;\">Trump leading<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-265902\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2020\/11\/election-1_061120.jpg\" alt=\"\" width=\"650\" height=\"480\" \/><br \/>\nSource: Bloomberg<\/p>\n<p><span style=\"font-weight: 400;\">The recent mail-in ballots being counted in the state of Pennsylvania and Georgia have narrowed the gap between the two candidates. In anticipation of the key swing states, Democrat Joe Biden is inching closer to the 270 Electoral College votes needed to claim the presidency.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With millions of votes yet to be tabulated, it might take more time before the election results are announced, one thing for sure, the hopes of a blue wave \u201cclean sweep\u201d in the Senate may be unlikely and the US may face the status quo on the policy front.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investors are pricing in a <\/span><b>Joe Biden Presidency and a Republican Senate<\/b><span style=\"font-weight: 400;\"> which means that there might not be a major shift in major policies given the gridlocked Congress. However, while markets are unsure about the size and timing of the second coronavirus relief package, an agreement on a stimulus package will eventually take place despite the stalemate in Congress.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite the worrisome number of coronavirus cases across Europe and the US, global equities rallied at the prospects of a Joe Biden Presidency and a divided Congress. <\/span><\/p>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-258424\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2020\/09\/2-1-300x237.png\" alt=\"\" width=\"700\" height=\"553\" srcset=\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2020\/09\/2-1-300x237.png 300w, https:\/\/www.gomarkets.com\/wp-content\/uploads\/2020\/09\/2-1.png 560w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><img loading=\"lazy\" class=\"alignnone wp-image-265887\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2020\/11\/equities_061120.jpg\" alt=\"\" width=\"701\" height=\"346\" \/><br \/>\nSource: Bloomberg<\/p>\n<p><span style=\"font-weight: 400;\">Even though the virus spike in Europe is deeply concerning and recent data showing a deterioration of economic activity within the region, European stocks climbed higher on the possibility of a divided US government and more stimulus for the UK economy. <\/span><\/p>\n<p><img loading=\"lazy\" class=\"alignnone size-full wp-image-265872\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2020\/11\/double-dip_061120.jpg\" alt=\"\" width=\"600\" height=\"450\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Tech giants like Facebook, Alphabet, Amazon, Microsoft and Apple rallied on the prospects of fewer regulations to tighten corporate America. Nasdaq Composite rose by nearly 9% since the start of the week lifted by the outperformance of the tech industry leaders.\u00a0<\/span><\/p>\n<h4><b>Forex Market<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">In the forex market, the price action was also mainly geared by the US election. While the results are yet to be conclusive, the Trump campaign has already launched legal actions against some states, requested a recount for at least one state and claimed election fraud. As of writing, market participants are pricing-in a Joe Biden win with the status quo in the House and Senate.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With a gridlocked Congress, the attention has switched to the Federal Reserve and other central banks meetings. Major G10 currencies were stronger against the US dollar given the uncertainties for the US economy. <\/span><\/p>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-265857\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2020\/11\/currency_061120.jpg\" alt=\"\" width=\"701\" height=\"257\" \/><br \/>\nSource: Bloomberg<\/p>\n<h5><b>US Dollar &#8211; The Fed and Election Results<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">The US dollar has remained under pressure throughout the week. As of writing, there is no clear winner for the Presidency but it appears that the Congress will remain divided. On the Fed side, the Committee decided to keep the target range for the federal funds rate at 0 to 1\/4 percent but highlight the uncertainty depending on the path of the economy due to the course of the virus.\u00a0<\/span><\/p>\n<p style=\"text-align: center;\"><i><span style=\"font-weight: 400;\">\u201cThe ongoing public health crisis will continue to weigh on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term.\u201d<\/span><\/i><\/p>\n<h5><b>Aussie Dollar \u2013 Rate Cut and QE<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">As widely expected, the Reserve Bank of Australia cut interest rates to a historic low from 0.25% to 0.1% with the following package:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><i><span style=\"font-weight: 400;\">a reduction in the cash rate target to 0.1 per cent<\/span><\/i><\/li>\n<li style=\"font-weight: 400;\"><i><span style=\"font-weight: 400;\">a reduction in the target for the yield on the 3-year Australian Government bond to around 0.1 per cent<\/span><\/i><\/li>\n<li style=\"font-weight: 400;\"><i><span style=\"font-weight: 400;\">a reduction in the interest rate on new drawings under the Term Funding Facility to 0.1 per cent<\/span><\/i><\/li>\n<li style=\"font-weight: 400;\"><i><span style=\"font-weight: 400;\">a reduction in the interest rate on Exchange Settlement balances to zero<\/span><\/i><\/li>\n<li style=\"font-weight: 400;\"><i><span style=\"font-weight: 400;\">the purchase of $100 billion of government bonds of maturities of around 5 to 10 years over the next six months.<\/span><\/i><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">After an initial selling season when the RBA slashed interest rates, the AUDUSD pair turned mostly positive as the Board is likely to keep the new lower level of interest rates in place for an extended period. No further reduction or negative interest rate is therefore not on the table for the near future. On the economic front, AiG Manufacturing Index, Retail Sales, Building Permits and Trade balance figures were also above expectations. As of writing, the AUDUSD pair is currently trading above the 0.72 level.<\/span><\/p>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-265842\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2020\/11\/audusd_061120.jpg\" alt=\"\" width=\"600\" height=\"256\" \/><br \/>\nSource: GO MT4<\/p>\n<h5><b>British Pound &#8211; More QE<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">The Bank of England\u2019s Monetary Policy Committee (MPC) voted unanimously to maintain Bank Rate at 0.1% but revised its QE program. The Committee voted unanimously to keep the existing programme of \u00a3100 billion of UK government bond purchases but also decided to increase the target stock of purchased UK government bonds by an additional \u00a3150 billion.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite the downbeat new forecasts of the economic contraction as the UK entered a one-month lockdown, the QE boost and more aid from the government announced on Thursday helped the Pound to climb higher. <\/span><\/p>\n<p><img loading=\"lazy\" class=\"alignnone size-full wp-image-265827\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2020\/11\/interupted-recovery_061120.jpg\" alt=\"\" width=\"580\" height=\"383\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The GBPUSD pair rose from a low of 1.2930 to a high of 1.3155 on Thursday following the dual support from the BoE and the UK government.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-265812\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2020\/11\/gbpusd_061120.jpg\" alt=\"\" width=\"600\" height=\"255\" \/><br \/>\nSource: GO MT4<\/p>\n<h4><b>Oil Market <\/b><b><\/b><\/h4>\n<p><span style=\"font-weight: 400;\">On Friday, crude oil prices were seen paring gains made earlier this week. The energy market found some support on the back of the broad optimism in the equity market and bullish API and EIA report amid the ongoing uncertainty on the demand side.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">EIA\u2019s crude oil stocks change came in at -7.998M, below expectations (0.89M) on October 30.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">API weekly Crude oil stock fell from the previous 4.55M to -8.01M on October 30.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">As of writing, WTI Crude oil (Nymex) and Brent Crude (ICE) were trading at around $37.76 and $39.97 respectively.<\/span><\/p>\n<h4><b>Gold<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Even though the timing and size of the US stimulus package remain the focal point for gold traders, the precious metal rallied on a weaker US dollar. As of writing, the pair retreated from a high of $1,952 seen on Thursday and is trading around $1,938.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" class=\"alignnone size-full wp-image-265797\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2020\/11\/gold_061120.jpg\" alt=\"\" width=\"600\" height=\"255\" \/><br \/>\nSource: GO MT4<\/p>\n<h4><b>Key Upcoming Events<\/b><\/h4>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Industrial Production (Germany)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Nonfarm Payrolls, Average Hourly Earnings, Labour Force Participation Rate, and Unemployment Rate (US)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Unemployment Rate, Participation Rate, Average Hourly Wages, Net Change in Employment, and Ivey Purchasing Managers Index (Canada)<\/span><\/li>\n<\/ul>\n<p><strong>By Deepta Bolaky<\/strong><br \/>\n<img style=\"float: left; width: 20px; padding-top: 4px;\" src=\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2018\/08\/twitter.png\" \/>\u00a0<a href=\"https:\/\/twitter.com\/DeeptaGOMarkets\">@DeeptaGOMarkets<\/a><\/p>\n<table style=\"height: 171px;\" border=\"1\">\n<tbody>\n<tr style=\"height: 75px;\">\n<td style=\"text-align: center; width: 728px; height: 75px;\" colspan=\"7\"><strong>Monday, 09 November 2020<\/strong><strong style=\"font-family: inherit; font-size: inherit;\">\u00a0<\/strong><strong><br \/>\n<\/strong>Indicative Index Dividends<br \/>\n<em><sup>Dividends are in Points<\/sup><\/em><\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 104px; height: 24px;\" width=\"100\"><strong>ASX200<\/strong><\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\"><strong>WS30<\/strong><\/td>\n<td style=\"width: 103px; height: 24px;\" width=\"100\"><strong>US500<\/strong><\/td>\n<td style=\"width: 101px; height: 24px;\" width=\"100\"><strong>US2000<\/strong><\/td>\n<td style=\"width: 108px; height: 24px;\" width=\"100\"><strong>NDX100<\/strong><\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\"><strong>CAC40<\/strong><\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\"><strong>STOXX50<\/strong><\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 104px; height: 24px;\" width=\"100\">3.957<\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\">10.725<\/td>\n<td style=\"width: 103px; height: 24px;\" width=\"100\">0.316<\/td>\n<td style=\"width: 101px; height: 24px;\" width=\"100\">0.236<\/td>\n<td style=\"width: 108px; height: 24px;\" width=\"100\">0.2<\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\">0<\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\">0<\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 104px; height: 24px;\" width=\"100\"><strong>ESP35<\/strong><\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\"><strong>ITA40<\/strong><\/td>\n<td style=\"width: 103px; height: 24px;\" width=\"100\"><strong>FTSE100<\/strong><\/td>\n<td style=\"width: 101px; height: 24px;\" width=\"100\"><strong>DAX30<\/strong><\/td>\n<td style=\"width: 108px; height: 24px;\" width=\"100\"><strong>HK50<\/strong><\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\"><strong>JP225<\/strong><\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\"><strong>INDIA50<\/strong><\/td>\n<\/tr>\n<tr style=\"height: 24px;\">\n<td style=\"width: 104px; height: 24px;\" width=\"100\">3.641<\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\">0<\/td>\n<td style=\"width: 103px; height: 24px;\" width=\"100\">0<\/td>\n<td style=\"width: 101px; height: 24px;\" width=\"100\">0<\/td>\n<td style=\"width: 108px; height: 24px;\" width=\"100\">11.77<\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\">0<\/td>\n<td style=\"width: 104px; height: 24px;\" width=\"100\">0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><a href=\"https:\/\/www.gomarkets.com\/forex-education-courses\/\" target=\"_blank\" rel=\"noopener noreferrer\"><br \/>\n<img src=\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2019\/02\/Next-Steps-Blog-Bottom-Banner.jpg\" \/><\/a><\/p>\n<p style=\"font-weight: 400;\"><em>Disclaimer:\u00a0\u00a0The articles are from GO Markets analysts, \u00a0based on their independent analysis or personal experiences. Views or opinions or trading styles expressed are of their own; \u00a0should not be taken as either representative of or shared by GO Markets. \u00a0Advice (if any), \u00a0are of a \u2018general\u2019 nature and not based on your personal objectives, financial situation or needs.\u00a0 You should therefore consider how appropriate the advice (if any) is to your objectives, financial situation and needs, before acting on the advice. \u00a0If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Deepta Bolaky \u00a0@DeeptaGOMarkets As widely expected, the focus was on the most-awaited political event of the year &#8211; US Presidential Election. It is the global event that may potentially affect the global economy, alliances and trade agreements. Unlike any presidential election, the attention was revolving more towards the focus for stimulus and the stalemate [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[128],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Weekly Summary - A Biden Presidency and A Republican Senate? - GO Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gomarkets.com\/en\/weekly-summaries\/week-summary-us-stimulus-politics-brexit-and-covid-19-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weekly Summary - A Biden Presidency and A Republican Senate? - GO Markets\" \/>\n<meta property=\"og:description\" content=\"By Deepta Bolaky \u00a0@DeeptaGOMarkets As widely expected, the focus was on the most-awaited political event of the year &#8211; US Presidential Election. It is the global event that may potentially affect the global economy, alliances and trade agreements. Unlike any presidential election, the attention was revolving more towards the focus for stimulus and the stalemate [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.gomarkets.com\/en\/weekly-summaries\/week-summary-us-stimulus-politics-brexit-and-covid-19-2\/\" \/>\n<meta property=\"og:site_name\" content=\"GO Markets\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-05T18:34:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-02-19T01:13:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.gomarkets.com.au\/wp-content\/uploads\/2018\/08\/twitter.png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"GO Markets Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.gomarkets.com\/#website\",\"url\":\"https:\/\/www.gomarkets.com\/\",\"name\":\"GO Markets\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.gomarkets.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.gomarkets.com\/en\/weekly-summaries\/week-summary-us-stimulus-politics-brexit-and-covid-19-2\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2018\/08\/twitter.png\",\"contentUrl\":\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2018\/08\/twitter.png\",\"width\":26,\"height\":23},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.gomarkets.com\/en\/weekly-summaries\/week-summary-us-stimulus-politics-brexit-and-covid-19-2\/#webpage\",\"url\":\"https:\/\/www.gomarkets.com\/en\/weekly-summaries\/week-summary-us-stimulus-politics-brexit-and-covid-19-2\/\",\"name\":\"Weekly Summary - A Biden Presidency and A Republican Senate? - GO Markets\",\"isPartOf\":{\"@id\":\"https:\/\/www.gomarkets.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.gomarkets.com\/en\/weekly-summaries\/week-summary-us-stimulus-politics-brexit-and-covid-19-2\/#primaryimage\"},\"datePublished\":\"2020-11-05T18:34:14+00:00\",\"dateModified\":\"2021-02-19T01:13:12+00:00\",\"author\":{\"@id\":\"https:\/\/www.gomarkets.com\/#\/schema\/person\/9266d5820f18db0b0ab0f5f02f411df6\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.gomarkets.com\/en\/weekly-summaries\/week-summary-us-stimulus-politics-brexit-and-covid-19-2\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.gomarkets.com\/en\/weekly-summaries\/week-summary-us-stimulus-politics-brexit-and-covid-19-2\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.gomarkets.com\/en\/weekly-summaries\/week-summary-us-stimulus-politics-brexit-and-covid-19-2\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.gomarkets.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Weekly Summary &#8211; A Biden Presidency and A Republican Senate?\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.gomarkets.com\/#\/schema\/person\/9266d5820f18db0b0ab0f5f02f411df6\",\"name\":\"GO Markets Team\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.gomarkets.com\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/29c27447828f5fa6c40d406c36a7786a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/29c27447828f5fa6c40d406c36a7786a?s=96&d=mm&r=g\",\"caption\":\"GO Markets Team\"},\"url\":\"https:\/\/www.gomarkets.com\/en\/author\/marketing\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Weekly Summary - A Biden Presidency and A Republican Senate? - GO Markets","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.gomarkets.com\/en\/weekly-summaries\/week-summary-us-stimulus-politics-brexit-and-covid-19-2\/","og_locale":"en_US","og_type":"article","og_title":"Weekly Summary - A Biden Presidency and A Republican Senate? - GO Markets","og_description":"By Deepta Bolaky \u00a0@DeeptaGOMarkets As widely expected, the focus was on the most-awaited political event of the year &#8211; US Presidential Election. It is the global event that may potentially affect the global economy, alliances and trade agreements. Unlike any presidential election, the attention was revolving more towards the focus for stimulus and the stalemate [&hellip;]","og_url":"https:\/\/www.gomarkets.com\/en\/weekly-summaries\/week-summary-us-stimulus-politics-brexit-and-covid-19-2\/","og_site_name":"GO Markets","article_published_time":"2020-11-05T18:34:14+00:00","article_modified_time":"2021-02-19T01:13:12+00:00","og_image":[{"url":"https:\/\/www.gomarkets.com.au\/wp-content\/uploads\/2018\/08\/twitter.png"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"GO Markets Team","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/www.gomarkets.com\/#website","url":"https:\/\/www.gomarkets.com\/","name":"GO Markets","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.gomarkets.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/www.gomarkets.com\/en\/weekly-summaries\/week-summary-us-stimulus-politics-brexit-and-covid-19-2\/#primaryimage","inLanguage":"en-US","url":"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2018\/08\/twitter.png","contentUrl":"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2018\/08\/twitter.png","width":26,"height":23},{"@type":"WebPage","@id":"https:\/\/www.gomarkets.com\/en\/weekly-summaries\/week-summary-us-stimulus-politics-brexit-and-covid-19-2\/#webpage","url":"https:\/\/www.gomarkets.com\/en\/weekly-summaries\/week-summary-us-stimulus-politics-brexit-and-covid-19-2\/","name":"Weekly Summary - A Biden Presidency and A Republican Senate? - GO Markets","isPartOf":{"@id":"https:\/\/www.gomarkets.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.gomarkets.com\/en\/weekly-summaries\/week-summary-us-stimulus-politics-brexit-and-covid-19-2\/#primaryimage"},"datePublished":"2020-11-05T18:34:14+00:00","dateModified":"2021-02-19T01:13:12+00:00","author":{"@id":"https:\/\/www.gomarkets.com\/#\/schema\/person\/9266d5820f18db0b0ab0f5f02f411df6"},"breadcrumb":{"@id":"https:\/\/www.gomarkets.com\/en\/weekly-summaries\/week-summary-us-stimulus-politics-brexit-and-covid-19-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.gomarkets.com\/en\/weekly-summaries\/week-summary-us-stimulus-politics-brexit-and-covid-19-2\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.gomarkets.com\/en\/weekly-summaries\/week-summary-us-stimulus-politics-brexit-and-covid-19-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.gomarkets.com\/en\/"},{"@type":"ListItem","position":2,"name":"Weekly Summary &#8211; A Biden Presidency and A Republican Senate?"}]},{"@type":"Person","@id":"https:\/\/www.gomarkets.com\/#\/schema\/person\/9266d5820f18db0b0ab0f5f02f411df6","name":"GO Markets Team","image":{"@type":"ImageObject","@id":"https:\/\/www.gomarkets.com\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/29c27447828f5fa6c40d406c36a7786a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/29c27447828f5fa6c40d406c36a7786a?s=96&d=mm&r=g","caption":"GO Markets Team"},"url":"https:\/\/www.gomarkets.com\/en\/author\/marketing\/"}]}},"_links":{"self":[{"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/posts\/293437"}],"collection":[{"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/comments?post=293437"}],"version-history":[{"count":0,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/posts\/293437\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/media?parent=293437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/categories?post=293437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gomarkets.com\/en\/wp-json\/wp\/v2\/tags?post=293437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}