Morning traders, the NFP today is unlikely to materially change sentiments unless we get a strong deviation from one side or the other, in terms of expectations TDS, which is usually quite accurate with the NFP, is expecting a number slightly above consensus and the same from Goldmans so a beat won't be much of a surprise and after some brief volatility it would just reinforce the ongoing soft landing vibes, but IF we get a number materially below consensus that could require some adjustments on the S&P500 longs in particular as it could spark some recession fears
With that said, we wait to see the numbers and in the meantime we are also looking for some potential medium term AUDUSD longs or NZDUSD longs, will see if we can get a good entry with the NFP volatility
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