BOC: Canada Bank Analysts Close To Abandoning Future Rate Cut Views Post-BOC

• RES 4: 1.2063 2.236 proj of the Feb 28 - Mar 18 - 247 price swing
• RES 3: 1.2000 Round number resistance 
• RES 2: 1.1919/23 High Sep 17 / 2.0 proj of Feb 28 - Mar 18-27 swing
• RES 1: 1.1754/1820 High Sep 25 / 23  
• PRICE: 1.1733 @ 15:56 BST Sep 29
• SUP 1: 1.1646 Low Sep 25 
• SUP 2: 1.1574 Low Aug 27
• SUP 3: 1.1528 Low Aug 5
• SUP 4: 1.1392 Low Aug 1 and bear trigger.

The trend theme in EURUSD is unchanged, it remains bullish and recent weakness is considered corrective. However, support at 1.1681. the 50-day EMA, has been breached. A clear break of this average would signal scope for a deeper retracement and expose 1.1574 initially, the Aug 27 low. For bulls, a resumption of gains would refocus attention on 1.1923, a Fibonacci projection. Initial firm resistance to watch is 1.1820, the Sep 23 high.       

Monday's Europe rates/bond options flow included: 

• RXX5 130/131.5cs, bought for 11.5 in ~2.5k
• ERZ5 97.93p, bought for 1 in 5k
• ERH6 98.00/97.9375ps vs 0RH6 97.87/97.75/97.62/97.37p condor, sold the front at 0.5 down to 0.25 in 4k
• SFIM6 96.20/95.90ps 1x2, bought for 5 in 1.5k
• SFIZ6 96.25/96.75/97.00cfly vs SFIM6 96.00p x2, traded 7.75 for the Fly in  7.5k. This trade was done Paper to Paper
• SFIZ6 96.60/96.75cs vs 96.25/96.15ps, bought the cs for 0.75 in 7k Total

• Via Barak Ravid at Axios on Social Media:
• "Israeli prime minister Benjamin Netanyahu spoke on the phone with the prime minister of Qatar Mohammed Bin Abdulrahman al-Thani and apologized for violating Qatari sovereignty in the strike on Doha and expressed regret for the killing of a Qatari security guard, per source familiar. The call took place during the meeting between Netanyahu and Trump."