Paris attacks not a game-changer for the economy
The attacks on Friday were a horrific tragedy that left everyone feeling uncertain about the future. It will no doubt mean an escalation of security measures in Europe and attacks in the Middle East.
It's a game changing event for the refugee crisis and French politics but it's not for the Eurozone or global economy.
The kneejerk reaction was to buy the yen and oil but those moves have faded now with Brent falling into negative territory as fresh sellers step in. WTI remains 40-cents higher but far below the highs.
USD/CAD longs remain my favourite trade. The pair matched Friday's high of 1.3350 but stalled a slipped back to 1.3335. If oil selling continues it will break that level and then there is little resistance until 1.3450.
