MARKET OUTLOOK AND OVERVIEW

 It has been quite a week in the markets with multiple fundamental news happening like the release of the interest rate cut by the Reserve Bank of New Zealand, the U.S Consumer Price Index (CPI) and Producer Price Index (PPI) which have fundamentally affected markets. The NZDUSD pair dropped significantly after the rate cut happened and we've also seen dollar weakness across the week. As per market close on Friday, the dollar index (DXY) closed the week at 101.978 forming new lower lows. XAUUSD closed the week forming all time highs at 2508.20 with strong bullish momentum. EURUSD and GBPUSD rallied strongly as well closing the trading week at 1.10280 & 1.29450 respectively. 
Looking into the new week, we'll be expecting to see a continuation of the rally on pairs like EURUSD and GBPUSD and a continuation of the drop lower on pairs like USDCAD and the dollar index (DXY).