Posted 14 hours ago: Dollar remains generally firm despite smaller than expected losses in Asia and low volume activity in Europe. With US markets out for a long weekend, market activity to start unwinding in a couple of hours. Weaker than expected UK services PMI and disappointing Eurozone retail sales may signal the beginning of the next consolidation in data following the phase of slowing deterioration-which was zealously cheered by the markets. GBPUSD looks to test 1.6270 while recovery cpaped at 1.64 and EURUSD gains seen limited at $1.4070. Trades, Links & Ideas on http://twitter.com/ alaidi - Jul 3 07:42

Posted yesterday: Very little suspense in todays market action as the US jobs report deteriorated across the board, allowing USD and JPY strength to emerge throughout the day as stocks stuck at session lows during the course of the session. Our calls pro-USDCAD of more than 100 pips to 1.1620s and going negative JPY crosses (including vs the USD) and pro-USD vs AUD, NZD and GBP have accumulated over 800 pips. We called oil to decline towards 66.50s. Nikkei-225 closed -63 on Thursday but futures are currently calling for -215 pts at the open to 9670, which could extend selloff in JPY pairs. - Jul 2 15:34

Posted yesterday: Although both USD and JPY gaining vs all other currencies, we may see further upside for JPY as USD longs are increasingly short-lived in cautiousness of the next bout of jawboning from Chinese officials regarding reserve currencies. NZDJPY, CADJPY eye 59.70, 82.30 respectively. More updates on http://twitter.com/ alaidi - Jul 2 09:56

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