I am time poor today, so the report will have to be brief, no charts or pivot levels. I agree with many analysts that we are trading sideways right now and this could be a good time to use the RSI trading system, selling at resistance and buying at support, placing stop losses outside the range.
The problems with emerging markets continues to provide interesting reading for an outlook on macro fundamentals, NFP today will also provide a potential catalyst to kick start a trend bias and break us out of the range.
My trades are still in place and yesterday, at one point, both of them were quite comfortably in profit, but I am sticking to my plan of holding on to these and waiting. Right now they are in the red, but we are swinging around with no clear direction.
I would say not to trade before NFP, perhaps not until Monday, wait for a clear bias and use today to read up on the emerging market outlooks.