What a wild and crazy couple of hours we had early this morning after the release of the FOMC statement and then Janet Yellen’s press conference. The markets emotions were clear in the fractious and erratic trade we saw in the Aussie dollar in the two hours between 4 and 6 am. The Aussie has now been crushed to new lows for this run and the past 6 months or so and it sits at 0.8950 this morning. I remain short and continue to hold the view the Aussie is heading into the 85-87 region in time. Looking at the specifics of the FOMC and we see that there are a few things which it made clear. Firstly, that the Taper will ... (full story)