Why It Might Be Time to Take Some Profits in the Canadian Dollar

The video discusses the market reactions to the new NAFTA 2.0 agreement, also known as USMCA, highlighting its impact on various sectors and indices like the Dow and Russell 2000. It explores the performance of commodities, particularly oil, and the influence of trade optimism. The Canadian dollar's response to the trade deal is analyzed, along with insights into currency trading and futures, emphasizing liquidity and anonymity.

What is the new trade agreement between the US, Canada, and Mexico commonly referred to as?

• NAFTA 3.0

• European Union Trade Pact

• Trans-Pacific Partnership

• USMCA

Which index is mentioned as outperforming due to the new trade agreement?

• NASDAQ

• S&P 500

• Dow

• FTSE 100

What factor is largely responsible for the strength in commodities, particularly oil?

• Increased production

• Trade optimism

• Technological advancements

• Decreased demand

What is one advantage of trading currency futures over spot trading?

• Higher transaction costs

• Anonymity

• Limited market access

• Longer settlement times

What upcoming data could impact the Canadian dollar's performance?

• Stock market earnings

• Weather forecasts

• International trade data and unemployment

• Interest rate changes