:: US Dollar vs Canadian Dollar: The U.S. dollar is stronger across the board as a delay in Greek bailout talks has snapped the markets back into reality resulting in risk aversion tactics.  USD/CAD traded towards 1.0050 but is still lacking momentum as Middle East tensions force oil prices higher while Euro woes counteract that situation.  CAD remains buoyant on most crosses yet uneventful against the USD.  I remain hopeful that a move above 1.0085 occurs sooner rather than later to end this tedium.  Canadian manufacturing data is out at 8:30 but will be quickly overlooked and will likely be drowned out by U.S. data.

Expected range today 0.9981 to 1.0075

:: Canadian Dollar vs Euro: The Euro drops against the Loonie as delay in Greek bailout talks has snapped the markets back into reality, putting the Euro under pressure as a meeting scheduled for today has been pushed back to Feb 20 which now casts doubt on a Greek debt swap that was supposed to occur on Friday and a source of recent pro risk sentiment. 

Expected range today 1.2998 to 1.3088

:: Canadian Dollar vs British Pound, Australian Dollar and New Zealand Dollar: Sterling is better supported this morning against the Loonie, as the markets continue to scale back their appetite for risk.  UK Nationwide Consumer Confidence numbers also posted its highest numbers in five months at 47, pushing the pair to the 1.5692 levels.  The Australian Dollar continued its climb against the Loonie on the heels of positive employment numbers, with headline employment surging to 46.3K and jobless rate falling to 5.1%.  The pair are currently exchanging hands at the 1.0691 levels heading into the morning session.  Same could not be said for the New Zealand dollar, as weak consumer confidence numbers and weaker sentiment has dropped the Kiwi against the Loonie this morning.  The pair currently trade at the 0.8328 levels.

:: Data Releases:
AUD:          No data expected today
CAD:          Foreign Securities Purchases, Manufacturing Sales
EUR:          ECB Monthly Bulletin, Italian Trade Balance
GBP:          No data expected today
JPY:           Monetary Policy Meeting Minutes
NZD:          No data expected today
USD:          Building Permits, PPI, Housing Starts, Philly Fed Manufacturing Index, Mortgage Delinquencies, Natural Gas Storage