Last week SMART MONEY dropped USD CAD 400 pips after the FOMC news release. At the last ECB news release they drove EUR USD down 150 pips and then up 300 points. Coincidence? Orders coming into the market? Manipulation? When you start to track SMART MONEY nothing suprises you.
This week should be fairly tame with two news releases due out:
Tuesday 3-22-16 GBP CPI @ 5:30 am EST USA always a big mover after the London open
Thursday 3-24-16 Japan CPI @7:30 pm EST USA right at the beginning of Asia
Expect volatility at these news releases.