Forex
The forex market witnessed strong support for the US dollar this week, driven by rising geopolitical tensions in the Middle East, which reinforced its position as a safe haven. The British pound dropped to levels near its lowest point since May, around 1.3380 USD.

Key Movements:
• The US dollar maintained its strength against major currencies.
• The British pound and the euro declined under pressure from the strong dollar.
• The Japanese yen remained stable with slight movements.

Technical Outlook:
• The upward trend of the dollar continues, supported by political and economic momentum.
• Relative Strength Index (RSI) indicators show buying signals on several pairs.
• Market analysis pointed to clear trading opportunities on EUR/USD and GBP/USD pairs.

Gold
Gold recorded stable performance this week near the 3400 USD/ounce level, supported by safe-haven demand amid rising regional tensions. However, gold came under pressure due to the strength of the dollar and hints from the Federal Reserve that rate cuts may not happen soon.

Main Drivers:
• Gold rose due to market concerns about possible escalation.
• The slight decline was due to the dollar’s strength and interest rate expectations.

Technical Analysis:
• Gold needs to break clearly above the 3400 USD level to confirm the upward trend.
• Investors are taking cautious positions while closely monitoring political events.

Oil
Oil prices surged sharply at the beginning of the week following US and Israeli strikes on Iranian sites, raising fears of a possible impact on the Strait of Hormuz, a vital route for oil exports. Brent crude reached around 78.50 USD before slightly pulling back amid growing expectations that the confrontation won’t escalate into an open conflict.

Main Drivers:
• Sharp rise driven by geopolitical tensions.
• Statements and concerns over potential impact on Gulf supply.

Outlook:
• Some estimates pointed to the possibility of Brent surpassing 100 USD if the strait is affected.
• OPEC+ movements and increased production helped calm the market relatively.
• The market remains sensitive to any sudden developments in the region.