Investors Await Data release from Ebay

Today’s hot asset is Ebay. Traders are patiently waiting for the release of Ebays quarterly earnings data today. The data will create a short term reaction in their share price making it possible for investors to scalp some profits during that period. The short term position may continue today and tomorrow at which traders have to keep an eye on this asset.

U.S stocks were currently being traded higher during yesterday’s session and in the second half of the day the stocks were higher due to the data release of U.S economy. Investors will also be looking at the release data of FED monthly policy statement and the stocks seem to be on a positive trend with investors moving away from currencies and looking at the riskier assets. The upward movement of stocks is likely to continue in today’s session.

The European stocks paved way for U.S stocks and these too were being traded higher throughout session. Investors are focusing mainly on the key data release of both U.S and Europe that will be released tomorrow and a positive movement will be a great call for binary option traders.

Asian stocks were traded mixed during the session. The regional holidays have made the trade thin and numerous companies were releasing their earnings figures thus there was constant volatility throughout the session.