K2 FX

Market Perspectives

What's moving the market, and what it means for you.

Regular commentary on the currency pairs, macroeconomic events and market conditions most relevant to our clients, written to inform a decision rather than fill a newsletter.

5 October 2026 · 8 min read

Weekly FX Technical Analysis - 5th October 2026

This week’s FX charts show a clear shift back towards dollar strength, with GBP/USD and EUR/USD both breaking lower into important support zones.

20 September 2026 · 7 min read

Weekly FX Technical Analysis - 20th September 2026

This week’s FX charts show a market still being shaped by central bank divergence, energy driven inflation pressure and renewed volatility in the yen.

14 September 2026 · 8 min read

Weekly FX Technical Analysis - 14th September 2026

This week’s FX charts show a market being driven by central bank risk, higher oil prices and renewed volatility in the yen.

8 September 2026 · 8 min read

Weekly FX Technical Analysis - 8th September 2026

This week’s FX charts show a market increasingly shaped by fiscal pressure, central bank uncertainty and renewed geopolitical inflation risk.

24 August 2026 · 8 min read

Weekly FX Technical Analysis - 24th August 2026

This week’s FX charts show a market still being pulled between strong technical recoveries and heavy macro uncertainty.

17 August 2026 · 8 min read

Weekly FX Technical Analysis - 17th August 2026

This week’s FX charts show a market still being pulled between technical recovery and macro uncertainty.

10 August 2026 · 9 min read

Weekly FX Technical Analysis - 10th August 2026

This week’s FX charts show a market still being driven by the tension between technical recovery and macro uncertainty.

3 August 2026 · 8 min read

Weekly FX Technical Analysis - 3rd August 2026

This week’s FX charts show a meaningful shift in momentum across several major pairs.

27 July 2026 · 8 min read

Weekly FX Technical Analysis - 27th July 2026

This week’s FX charts show a market still being pulled between technical levels, central bank uncertainty and geopolitics.

20 July 2026 · 7 min read

Weekly FX Technical Analysis - 20th July 2026

This week’s FX charts show a market increasingly shaped by politics, central banks and geopolitical risk.

13 July 2026 · 6 min read

Weekly FX Technical Analysis - 13th July 2026

This week’s FX technical analysis highlights a more decisive shift across several major currency pairs.

8 June 2026 · 6 min read

Weekly FX Technical Analysis - 8th June 2026

The US dollar has regained momentum as markets reassess expectations for Federal Reserve rate cuts.

1 June 2026 · 6 min read

Weekly FX Technical Analysis - 1st June 2026

Major FX pairs continue to trade around key technical levels as markets remain focused on central bank policy expectations.

27 May 2026 · 6 min read

Weekly FX Technical Analysis - 27th May 2026

FX markets remained rangebound this week, although the US dollar continues to hold firm as investors remain cautious about pricing aggressive Federal Reserve rate cuts.

18 May 2026 · 6 min read

Weekly FX Technical Analysis - 18th May 2026

The US dollar regained momentum this week as markets dialled back expectations for aggressive Federal Reserve easing, putting pressure on both GBP/USD and EUR/USD.

11 May 2026 · 6 min read

Weekly FX Technical Analysis - 11th May 2026

FX markets continue to consolidate around major technical levels as traders balance softer USD sentiment against persistent geopolitical uncertainty.

5 May 2026 · 5 min read

Weekly FX Technical Analysis - 5th May 2026

FX markets are beginning to show signs of hesitation at key technical levels.

27 April 2026 · 5 min read

Weekly FX Technical Analysis - 27th April 2026

FX markets continue to trade near major technical inflection points heading into month-end.

14 April 2026 · 5 min read

Weekly FX Technical Analysis - 13th April 2026

FX markets are showing early signs of recovery, with several major pairs pushing back toward key resistance levels.

7 April 2026 · 5 min read

Weekly FX Technical Analysis - 7th April 2026

FX markets remain range-bound but are approaching key technical inflection points.

29 March 2026 · 5 min read

Weekly FX Technical Analysis - 30th March 2026

FX markets continue to trade at key technical levels as we head into the final week of March.

23 March 2026 · 6 min read

Weekly FX Technical Analysis - 23rd March 2026

FX markets remain at key technical junctures, with several major currency pairs approaching important support and resistance levels.

16 March 2026 · 6 min read

Weekly FX Technical Analysis - 16th March 2026

FX markets enter March with several major currency pairs approaching key technical inflection points.

9 March 2026 · 6 min read

Weekly FX Technical Analysis - 9th March 2026

FX markets are entering March with several major pairs testing important technical levels.

3 March 2026 · 7 min read

Weekly FX Technical Analysis - 3rd March 2026

March begins with momentum shifts across the majors.

18 February 2026 · 7 min read

Weekly FX Technical Analysis - 18th February 2026

This week’s charts capture a market that’s pausing after some big moves: GBP/USD is consolidating after its breakout attempt into the 1.38s, EUR/GBP remains heavy beneath its prior range, EUR/USD is grinding sideways…

9 February 2026 · 5 min read

Weekly FX Technical Analysis - 9th February 2026

FX markets remain finely balanced as several major pairs consolidate near key technical levels.

3 February 2026 · 6 min read

Weekly FX Technical Analysis - 3rd February 2026

The dollar has started February on the back foot, allowing GBP and EUR to extend recent recoveries, while USD/JPY has pulled sharply lower after another rejection from historic highs.

26 January 2026 · 6 min read

Weekly FX Technical Analysis - 26th January 2026

FX markets are once again testing key technical levels across the major currency pairs, with several charts approaching important inflection points.

19 January 2026 · 6 min read

Weekly FX Technical Analysis - 19th January 2026

FX markets remain tightly range-bound as traders reassess central bank expectations and the outlook for global rates in the early part of the year.

12 January 2026 · 6 min read

Weekly FX Technical Analysis - 12th January 2026

The first full week of the year has brought a familiar theme: markets consolidating after strong late-2024 trends, with price action increasingly driven by rate expectations and US yield moves.

5 January 2026 · 6 min read

Weekly FX Technical Analysis - 5th January 2026

FX markets enter the new year in consolidation mode, with major currency pairs testing important technical levels rather than breaking decisively.

29 December 2025 · 5 min read

Weekly FX Technical Analysis - 29th December 2025

FX markets remain range-bound but constructive as the dollar consolidates and major pairs press into key technical levels.

22 December 2025 · 6 min read

Weekly FX Technical Analysis - 22nd December 2025

FX markets remain finely balanced as the dollar consolidates and major pairs approach key technical inflection points.

15 December 2025 · 6 min read

Weekly FX Technical Analysis - 15th December 2025

FX markets are showing signs of consolidation as sterling and the euro extend recent recoveries while the dollar eases modestly.

10 December 2025 · 5 min read

Why Tonight’s Fed Decision Could Reset FX Markets

Tonight the Federal Reserve delivers one of its most closely watched decisions of the year. Markets expect another 25bp rate cut, bringing the target range down toward 3.50%–3.75%.

9 December 2025 · 6 min read

Weekly FX Technical Analysis - 9th December 2025

FX markets are showing signs of consolidation as GBP, EUR, and JPY move within familiar ranges while the dollar stabilises.

3 December 2025 · 6 min read

After the UK Budget: Sterling Still Struggling as the Dollar Enters a Critical Week

One week on from the UK Budget, markets are still digesting its implications, and sterling remains under pressure.

1 December 2025 · 6 min read

Weekly FX Technical Analysis - 1st December 2025

FX markets continue to stabilise as the dollar eases from recent highs while sterling and the euro attempt to rebuild momentum.

26 November 2025 · 6 min read

UK Budget 2025: What It Means for Sterling and FX Risk

Today’s Budget, delivered by Rachel Reeves, is dominating headlines. With a freshly revealed fiscal plan, markets are reacting somewhat mutedly, but with hidden implications.

24 November 2025 · 5 min read

Weekly FX Chart Commentary - 24th November 2025

FX markets remain under pressure as sterling and the euro struggle to gain momentum while the dollar stays supported by firm US data and cautious global sentiment.

17 November 2025 · 5 min read

Weekly FX Chart Commentary - 17th November 2025

FX markets are stabilising as the dollar softens ahead of key US inflation data, allowing sterling and the euro to recover modestly while the yen remains under pressure near multi-month highs.

10 November 2025 · 5 min read

Weekly FX Chart Commentary - 10th November 2025

FX markets are steadying after recent volatility, with the dollar easing slightly while sterling and the euro attempt to stabilise near key support levels.

5 November 2025 · 6 min read

Sterling Slides with “No Easy Answers”

Sterling tumbled this week after Chancellor Rachel Reeves delivered a blunt message to markets: there will be “no easy answers” when she unveils her first Budget later this month.

3 November 2025 · 5 min read

Weekly FX Chart Commentary - 3rd November 2025

The dollar remains dominant as resilient US data and a cautious Fed keep upward pressure on yields and weigh on major peers.

29 October 2025 · 6 min read

Fed at the Crossroads: What Today’s Decision Means for FX Markets

Today marks a pivotal moment for global currency markets. The Federal Reserve is expected to cut its benchmark interest rate by 25 basis points to a target range of approximately 3.75 %-4.00 % as it grapples with mixed…

28 October 2025 · 5 min read

Weekly FX Chart Commentary - 28th October 2025

FX markets remain under pressure as the dollar holds firm against a softer macro backdrop in Europe and the UK.

22 October 2025 · 6 min read

Sterling Slips After Inflation Surprise: What’s the Bigger Picture for FX?

This week the UK’s inflation figures came in with a twist. Instead of rising as expected, annual consumer price inflation held at 3.8% in September - a result below forecasts of around 4.0%.

20 October 2025 · 5 min read

Weekly FX Chart Commentary - 20th October 2025

FX markets are steady but finely balanced as dollar strength reasserts itself against mixed global data and cautious central bank tones.

16 October 2025 · 5 min read

Sterling’s Surge: Impressive Day, But Don’t Bank on a Trend

Yesterday brought one of sterling’s strongest single-day gains in nearly two months.

13 October 2025 · 6 min read

Weekly FX Chart Commentary - 13th October 2025

FX markets are shifting lower this week as renewed dollar strength and softer UK data drive key pairs through important technical levels.

8 October 2025 · 6 min read

Safe Haven Dollar: What the US Shutdown Means for Currency Markets

The US government remains partially shut down, yet the dollar is holding up, even gaining ground. That may surprise some.

6 October 2025 · 5 min read

Weekly FX Chart Commentary - 6th October 2025

FX markets are navigating political developments and key technical levels this week, with GBP/USD, EUR/GBP, EUR/USD, and USD/JPY showing early signs of directional tension.

1 October 2025 · 6 min read

Labour’s Conference, Starmer’s Message & the Fragile Pound

This week in Liverpool, at the Labour Party conference, Keir Starmer took centre stage with a sharpened tone, confronting the growing threat of Reform UK and setting out a vision for “national renewal.” But beyond…

29 September 2025 · 5 min read

Weekly FX Chart Commentary - 29th September 2025

FX markets are testing key levels across major pairs this week, with GBP/USD, EUR/GBP, EUR/USD, and USD/JPY showing early signs of directional tension.

24 September 2025 · 6 min read

Sterling’s Rebound Is Fragile: What Could Break It Again

Over the last several trading sessions, sterling has managed a modest rebound after last week’s weakness. GBP/USD has pushed up above recent lows, and pound-euro pairs are holding up.

22 September 2025 · 5 min read

Weekly FX Chart Commentary - 22nd September 2025

FX markets remain in consolidation mode as traders balance central bank expectations, technical resistance levels, and the risk of intervention in key currency pairs.

17 September 2025 · 6 min read

What’s at Stake with This Week’s Fed Decision - And Why It Matters for Your Currency Exposure

All eyes are on Washington this week. The US Federal Reserve is expected to make its first rate cut of 2025, lowering its benchmark rate by 25 basis points to somewhere in the 4.00–4.25% range.

15 September 2025 · 5 min read

Weekly FX Chart Commentary - 15th September 2025

Global FX markets remain rangebound as key pairs test familiar levels, with central bank signals and intervention risks keeping traders on edge.

10 September 2025 · 4 min read

Political Shocks in France: What It Means for FX Markets and Your Clients

France has once again caught the markets’ attention, this time through the corridors of power.

8 September 2025 · 5 min read

Weekly FX Chart Commentary - 8th September 2025

Global FX markets stay in the spotlight as central bank signals, fresh economic data, and geopolitical headlines shape market sentiment.

3 September 2025 · 4 min read

UK Borrowing Costs Soar Again: What It Means for FX and Your Clients

UK gilt markets are once again under the spotlight - and this time, the consequences for the pound and for anyone with FX exposure couldn’t be clearer.