The upbeat report came a day after data showed that U.S. consumer confidence approached a 17-year high this month.
Investors were also encouraged by the fact that the U.S. Senate Budget Committee approved President Donald Trump's tax bill
Senate Republicans shove tax bill ahead; spending fight erupts
By Reuters*-*Nov 29, 2017 3
By David Morgan and Susan Cornwell WASHINGTON (Reuters) - U.S. Senate Republicans rammed forward ...
. A full Senate vote of the bill could now take place as soon as Thursday.
---------- Post added at 12:28 AM ---------- Previous post was at 12:27 AM ----------
EUR/USD is breaking higher, now in extended wave five of iii), with a potential top coming in at Fibonacci ratio of 100.0. If upside is found, then a new minor pullback into the following wave iv) may unfold.
---------- Post added at 12:30 AM ---------- Previous post was at 12:28 AM ----------
USD/CAD can be trading at the beginning of a new impulsive drop. We can see a three-wave rally that unfolded and found an ideal resistance near the Fibonacci ratio of 50.0. If that is the case, then more weakness will follow and breach below the 1.2671 level.