I was wondering does the Futures and Forex have some sort of relationship that could help with forex trading??
I am a little new to forex, but I use this example to clarify what I mean:
In the futures, if the USD goes up in value, is there a similar movement in the forex market with USD based pairs. e.g. USD goes up in value in the futures, and that causes the EUR/USD to go up also.
Does anyone know if this is the case??
You can learn the difference here:
Forex and futures charts are highly correlated. That is why I use COT data so much. Do a search for "Commitment of Traders" reports. They are weekly reports from the CFTC that show net positions of commercial and non-commercial traders.
Check out www.shatterfield.com to learn more about COT.
(I am not affiliated with them... just a satisified subscriber)
Hope that helps,