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The US dollar has risen against major currencies amid market uncertainty driven by the Iran conflict. Key gains include the Swiss Franc (CHF) up 1.08%, Euro (EUR) up 0.77%, and Japanese Yen (JPY) up 0.72%. Technical analysts highlight critical levels for EUR/USD, USDJPY, and GBPUSD, emphasizing price action and risk-reward ratios. The upcoming US ISM Manufacturing PMI, expected to decline to 51.5 from 52.6, may be overshadowed by geopolitical tensions. Analysts warn that war-related volatility could override economic data in the short term. For traders, the dollar's strength against the Euro and Yen reflects safe-haven demand amid conflict. Technical setups suggest potential breakouts or reversals at key support/resistance levels. The focus on Middle East tensions means data releases like the PMI might lack market-moving impact. Traders should monitor both technical indicators and geopolitical developments for directional clues. The situation underscores the interplay between macroeconomic data and geopolitical risks. For MENA investors, the dollar's performance against the Euro and Yen could influence Gulf portfolio allocations. Key levels to watch include EUR/USD at 1.0700, USDJPY at 145.50, and GBPUSD at 1.2750. The coming weeks will test whether technical setups align with geopolitical-driven flows.
