A higher-than-expected figure should be seen as positive (bullish) while a lower-than-expected figure should be seen as negative (bearish).
The Impact of Monthly Budget Statement in Forex Trade refers to the significance of the monthly financial report released by a government, detailing its revenue, expenditures, and budgetary allocations. Forex traders closely monitor this statement as it provides insights into the fiscal health and policy priorities of a country. Positive budgetary outcomes, such as a surplus or prudent fiscal management, may boost investor confidence and strengthen the national currency. Conversely, a budget deficit or mismanagement could lead to concerns about economic stability and potentially weaken the currency. Forex market participants use the information from the Monthly Budget Statement to assess the overall economic conditions and make informed trading decisions, adjusting their strategies based on the observed impact on currency pairs.