Are you a USD/CAD trader? Well, if you are, then you have been waiting for today for a long time as today is very important day for Canadian dollar and for the well-being of Canadian economy. In other words, today USD/CAD chart can either sore or lunge even lower.

Here is what is waiting for us today:

CPI m/m - consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.

BOC Monetary Policy Report - provides valuable insight into the bank's view of economic conditions and inflation - the key factors that will shape the future of monetary policy and influence their interest rate decisions.

BOC Rate Statement - the primary tool the BOC uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions.

Overnight Rate - short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future.

BOC Press Conference - it's among the primary method the BOC uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate decision, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy;

Of course, all of this is going to have huge influence on our present and future trading of USD/CAD couple, so we have to be on alert today.

Trading signals are going to help up with that,