Economic calendar & events quiz

1.An inflation release has a forecast of 2.5% and an actual figure of 2.9%. How should you describe the surprise?

2.A US release is scheduled for 8:30 am New York time in winter, when New York is on UTC−5. What time is that in Dubai, which is UTC+4 all year?

3.A central bank changes its policy rate by 25 basis points. How large is that change?

4.Markets fully expect a central bank to cut rates by 25 basis points, but it leaves rates unchanged. How is this best described?

5.In a PMI survey, 60% of firms report better conditions, 20% report no change and 20% report worse conditions. What is the diffusion index reading?

6.An economy grows 0.5% in one quarter. Roughly what is that as an annualised rate?

7.You have an 8,000 USD account, risk 1% per trade and want a 40-pip stop on EUR/USD, where 1 pip on 1 standard lot is 10 USD. What position size keeps you within your risk limit?

8.Why can a stop-loss order be filled at a worse price than its level around a major release?