Market summary and uncertainty across majors - Scotiabank

FXStreet (Guatemala) - Analysts at Scotiabank explained that the the EUR, JPY, CAD & AUD Shift to uncertain ranges in a snapshot across the market.

Key Quotes:

"USD is mixed with market focus on China’s disinflation, headline risk
from Greek and oil; data today second tier; one Fed speaker, Lacker."

"Oil stabilizing; with Brent closing above 50‐day and WTI still testing."

"CAD is flat—as Gov Poloz suggests the BoC is not talking down the
currency but weakness a reflection of an underperforming economy."

"USD/CAD in 1.2352 to 1.2564 range, looking to oil prices (and WTI’s
ability to break and close above 50‐day at 53.51) for direction."

"EUR is soft, ignoring improving fundamental data as Greek risk looms.
Wed’s finmin meetings to see Greek present proposal."

"GBP is up; industrial and manufacturing data is mixed."

"NOK rallies as inflation comes in stronger than expected."

"SEK is flat as Riksbank decision looms on Thursday."

"USD/JPY is higher and technicals are shifting to a bullish stance; but still
trading within broad range of 115.57 to 121.85."

"AUD trading in tight range still vulnerable to downside risk."

"CNY in range; releasing CPI at just 0.8%y/y and spurring rumours of
more stimulus to come."