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 Industrial Production Month-over-Month (MoM) in Forex Trade refers to the influence that changes in the manufacturing and production sector can have on foreign exchange markets over a specific period. This economic indicator reflects the percentage change in the output of industrial goods and services compared to the previous month. Traders and investors closely monitor Industrial Production MoM data as it can provide insights into the overall health of an economy. Positive growth may signal increased economic activity and potentially strengthen the national currency, while negative figures could indicate economic challenges and weaken the currency. Forex market participants use this information to make informed decisions and adjust their trading strategies based on the observed impact on currency pairs.