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Euro and Asian Markets as forward looking indicator
I trade mostly equalities, ETFs, and some stock options. I was wondering, besides forex trading, does anyone here use the Asian or European markets as a forward looking indicator for how the US. Market will perform that day? If so how do you use it and what do you look for?
I trade multiple sessions, and my take is, when the session is over, it is over, and something new is beginning. As vague as that may sound, it is meant to be very good advice.
You can statistically answer this question by downloading some Yahoo data for the Asia markets then compare this against the US market result for the next day....as you will find, sometimes the Asia markets can "lead" the US markets then at other times they tend to lag, based of how each individual market reacts to the local and global news.....hope this helps.
i.e there is no direct correlation using these 2 inputs.
