Full-scale war over Iran in the Middle East has pushed energies to multi-year highs and helped strengthen safe havens such as the US Dollar and Gold.

Silver, the S&P 500, Bitcoin and several FX pairs are trading near important technical levels. Dollar strength and volatility are shaping how markets react across asset classes.

This week, the US Dollar (USD) decisively moved higher, leaving behind the previous week’s inconclusive price action. The US Dollar Index (DXY) reached new four-month highs around 99.70, potentially leading to a visit to the psychological 100.00 barrier sooner than expected.

The EUR/USD pair ends the week just below the 1.1600 mark, posting its largest weekly decline in over a year. Financial markets shifted to panic mode in March after United States (US) President Donald Trump joined forces with Israel and launched a massive attack on Iran on the last day of February.

The Pound Sterling (GBP) hit the lowest level in three months against the US Dollar (USD) near 1.3250 and staged a modest rebound, but ended the week deep in the red.

USD/CHF is slowly turning higher as the US dollar benefits from yield support, with dip-buying favored unless the pair breaks back below 0.76.