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August 17, 2017 | AUD/USD Rally to key Fib Retracement…

Jack has over 20 years experience in the currency, equity, and futures arena. He is an investment advisor who has held key positions in brokerage, money management, trading, and research. Jack is founder and president of Black Swan Capital LLC. He was also founder of Ross International Asset Management (specializing in global stock, bond, and currency asset management for retail clients) and General Manager of Plexus Trading (specializing in currency futures and commodities trading).

Interesting, yesterday’s rally to the 61.8% retrace level…watching the hourly/30-min chart for a three wave move lower from this swing high at 0.7962….

Aussie job news – a mixed bag:

SYDNEY, Aug 17 (Reuters) – Australia’s jobless rate ticked lower in July led by a big bounce in part-time work while full-time employment fell, a mixed result that augurs poorly for wages growth and the course of inflation.

The unemployment rate slipped to 5.6 percent from an upwardly revised 5.7 percent in June as 27,900 new jobs were added, the Australian Bureau of Statistics said on Thursday.

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August 17th, 2017

Posted In: Black Swan Currency Currents

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