futures market. When based on daily data, the profitability of 2580 technical models has steadily declined since 1960, and has …

futures market. The former is exploited by trend-following models, while the latter by contrarian models. In total, the …

effect on futures market volatility, and vice versa. Nevertheless, the volatility spillover from spot to futures market is …/ASE-20 futures and the underlying FTSE/ASE-20 cash index of the Athens Stock Exchange. The results suggest that there is a … bidirectional causality between spot and futures returns, rejecting the usual result of futures leading spot market. However, spot …

futures market. When based on daily data, the profitability of 2,580 technical models has steadily declined since 1960, and …