Attention of traders is turning towards Canada where reports of the national inflation has dropped the national currency in the international markets. We were doing perfectly good until the report effect kicked in. And even though the report is still being presented to the general public we already see the effect of it on the performance of the national currency.

The drop of USD/CAD couple is pretty dramatic. A lot of traders have probably suffered over it and there is not saying whether the lift we see following the drop is a real recovery or just a small bounce of a downtrend.

The couple seems to be pretty far away from recovery although we can never be too sure what to expect from traders and the currencies themselves. Trading signals are going to help us through this mess.