Financial Estimates with rather poor economic indicators are noticeable.

From this weekend to next week, important economic indicators such as ISM and JOLTS employment statistics will be released. Although the expected index for non-manufacturing ISM is not yet available, the general expectation is negative. It seems that the interest rates are reacting to this by decreasing.

The forecast for ISM manufacturing is still below 50 as usual, and the previous month's figures are also below, so it may be considered weak. However, it has been somewhat rising since Trump's victory. Honestly, I don't really understand. On the other hand, although the non-manufacturing ISM forecast is not yet available, since it dropped significantly the previous month, if this trend continues and falls below 50, I think there might be some panic again. Non-manufacturing ISM could be the wildcard.

JOLTS, which has been deteriorating recently, is deteriorating at a cruising pace. Forecasts for the number of employees in NFP and ADP employment statistics are both below the previous month's numbers, but since these numbers have a large fluctuation, I'm not too concerned. The unemployment rate remains flat. And the forecast for the month-on-month average hourly earnings, which has been flatlining recently, has been revised downward. From 0.4 the previous month to an expected 0.2. I think the impact of this forecast is significant. While it is commonly known that the labor market is weakening (although some people claim it is strong for some reason), if hourly wages decrease, it will also have an impact on prices.

So, I have written my thoughts based on the forecasts. I wonder what the actual results will be.