Interns - Week One - August
- 1.In which year did the FED last raise interest rates?
- A.
2017
- B.
2002
- C.
2016
- D.
2015
- 2.What was the impact of 'Brexit' on GBP/USD on the 24th June 2016?
- A.
It went up because of Pound strength
- B.
It went up because of Dollar weakness
- C.
It went down because of Pound weakness
- D.
No reaction
- 3.Article 50 allows up to how many years of negotiations for post-exit terms?
- A.
6 months
- B.
2 years
- C.
1 year
- D.
1.5 years
- 4.What is the inflation target for the majority of major developed countries?
- A.
0.5%
- B.
1%
- C.
2%
- D.
1.5%
- 5.Which of these is not a Central Bank Monetary Policy Tool?
- A.
Interest Rates
- B.
Communication
- C.
Quantitative Easing
- D.
Fiscal Policy
- 6.A 'Hawk' is someone who prefers low rates? True or False?
- A.
False
- B.
True
- 7.Select the correct statements from below about Support and Resistance
- A.
Support is an area in the market where there have been more buyers than sellers
- B.
Resistance is an area in the market where there have been more buyers than sellers
- C.
Resistance is an area in the market where there have been more sellers than buyers
- D.
Support is an area in the market where there have been more sellers than buyers
- E.
When an area of Support is broken it turns into Resistance
- F.
When an area of Resistance is broken it turns into Support
- 8.When volume is low, the market is more likely to be in a ranging or momentum market?
- A.
Ranging
- B.
Momentum
- 9.Out of the following - which Moving Average gives more weight to the latest data
- A.
Simple Moving Average
- B.
Linear Weighted Moving Average
- C.
Exponential Moving Average
- 10.Should you pay any attention to previous day's Pivot Points?
- A.
Yes
- B.
No
- C.
Only if they are close to where market is trading
- 11.Which statement is true about the 'Classic Trade'
- A.
When entering the 'Classic', you enter just before the level breaks
- B.
When entering the 'Classic', you wait for the level to break and then retrace back into the zone before getting in
- C.
As soon as the level breaks you enter
- 12.A Trend Line has to touch how many points?
- A.
1
- B.
2
- C.
3
- 13.What is the relationship between Bond Yield and Price?
- A.
Positively correlated
- B.
Negatively correlated
- C.
No correlated
- 14.Should you always use a 'Stop Loss'?
- A.
Only when trading the news
- B.
Only when you have gone long in the market
- C.
Only if you hold the trade overnight
- D.
Yes
- 15.What is correct in regards to counter trending? Tick two.
- A.
Traders should only hold the trade for a short period of time, as the trend is likely to continue
- B.
Traders should never counter trend
- C.
Traders should be aware of going against the majority and that there is higher risk
- D.
Traders can only counter trend in ranging markets
- 16.Which one of these statements is not correct?
- A.
US 10-Year cash market open is 1:20pm
- B.
US equity cash market open is at 2:30pm (Unless clocks change in the UK)
- C.
Volume in Oil increases on average after 2pm
- D.
Futures close at 5pm
- 17.Often when we receive economic data, a number of figures are released in quick succession. Traders will be required to absorb large amounts of information and this can affect a trader's ability to react. In such cases as these, tick TWO of the following options which best reflect the correct trading procedure
- A.
Ignore prior movement
- B.
Wait until all data is released
- C.
Decide on which figure has the most importance
- D.
Trade the first figure
- 18.In terms of a widespread global economic recession would the USD appreciate or depreciate in value against most other currencies?
- A.
Minimal effect
- B.
Appreciate
- C.
Depreciate
- 19.What reaction would you expect to see in Oil if both eur/usd and gbp/usd go down due to large dollar strength?
- A.
Oil would decrease in price
- B.
Oil would increase in price
- C.
Very little reaction
- 20.There is a 'Risk On - Risk Off' relationship between the S&P 500 and the US 10-year government bond
- A.
Yes
- B.
No
- 21.A central bank says they will do a full scale Quantitative Easing programme. Which one of these following reactions is correct?
- A.
Currency Up, Bonds Up and Equities Down
- B.
Currency Up, Bonds Up and Equities Up
- C.
Currency Down, Bonds Down and Equities Down
- D.
Currency Down, Bonds Up and Equities Up
- E.
Currency Up, Bonds Down and Equities Up
- 22.A solid green line all the way across the Trading Ladder signifies the high of the day (HOD), what does a solid red line all the way across that ladder signify?
- A.
Moving Average
- B.
Resistance Level
- C.
Low of the Day
- 23.Which is the 2nd biggest economy in the world?
- A.
China
- B.
United Kingdom
- C.
Japan
- D.
The United States
- 24.Which statement is true about Prospect Theory?
- A.
A trader is conscious of the equal value of money over time
- B.
A trader will let profits run and book losses early
- C.
A trader's satisfaction in response to profits is on a diminishing scale
- D.
Losses are felt to the same degree as gains
- 25.Is Janet Yellen a Dove or a Hawk?
- A.
Dove
- B.
Hawk
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