In China, the monthly data batch will be released overnight containing retail sales, housing, industrial production and investments. We look for more of the same with still weak retail sales growth, but decent industrial production driven by exports and AI infrastructure investments.

The British Pound (GBP) is up against its major currency peers, except North American currencies, at the start of the United Kingdom (UK) data-packed week and the Bank of England’s (BoE) monetary policy announcement.

Africa's richest man, Aliko Dangote, is poised to make a $23 billion leap up the list of the world’s wealthiest as he opens an initial public offering for his refinery. The tycoon’s net worth is projected to reach as much as $58.2 billion with the IPO of Dangote Petroleum Refinery and Petrochemicals Fze, according to Bloomberg calculations, surpassing US hedge fund tycoon Ken Griffin and tech billionaire Eric Schmidt. Bloomberg's Anthony Osae-Brown reports. (Source: Bloomberg)

Oil prices are starting the week with another push higher, with more disconcerting headlines from the Middle East offering little comfort to markets.Saudi Arabia's East-West pipeline, which has been an alternative to bypass the Strait of Hormuz and move roughly 4 million barrels per day towards the Red Sea, was temporarily shut following drone attacks.Meanwhile, the Strait of Hormuz itself remains an obvious problem. Ship vessel traffic fell to single digits per day over the weekend, compared with a 10-day average of 14 vessels. For some context, the strait typically handled around 125 large commercial vessels per day before the US-Iran war began.The developments above are leading oil prices higher with Brent crude up 2.5% to $107.30 while WTI crude is gaining 2.7% to $102.70. The pressure remains firmly on after the sharp rise in energy prices over the past few weeks.And it's all coming as we get into an all-important week with the Fed decision on the calendar.With higher oil prices, inflation will continue to be a hot topic for markets. That as the longer oil prices stay elevated, the harder it becomes for central banks to argue that the shock can simply be looked through.And that also feeds straight into the bond market.10-year Treasury yields are already sitting near 5% since the end of last week, with 30-year Treasury yields briefly crossing above 5.40% on Friday.The inflation picture is one story driving that argument. But at the same time, market players are now increasingly more convinced that the Fed has to raise interest rates this week and the latest developments above only serve to reinforce that outlook.The market pricing now shows that traders are pricing in ~87% odds of a rate hike for 16 September with another 25 bps rate hike more or less priced in for December next.The next move by the Fed might feel a bit more straightforward in this case. But if things persist for much longer, central banks will have a bigger problem to deal with down the road. This article was written by Justin Low at investinglive.com.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – kicks off the new week on a positive note, reversing a part of Friday's retracement slide from its highest level since May 21.

Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)

USD/CHF extends its winning streak for the fourth consecutive day, trading around 0.8180 during Asian hours on Monday. The pair appreciates as the US Dollar (USD) gains support amid aggressive Federal Reserve (Fed) rate-hike bets for Wednesday’s decision following hotter US inflation reports.

Gold prices fell in Saudi Arabia on Monday, according to data compiled by FXStreet.

Gold prices fell in Philippines on Monday, according to data compiled by FXStreet.

Australian miner GM3 is gauging investor sentiment for a possible bond issue to refinance a $600 million private credit loan, adding to a list of borrowers turning to public debt markets to try to lower funding costs.

The AUD/JPY cross trades on a flat note near 110.10 during the early European trading hours on Monday.

US Department of Energy Deputy Secretary James Danly discusses how Washington can bolster Asia's energy security amid surging oil and gas import costs. He speaks with Haslinda Amin from the sidelines of 'Gastech Bangkok 2026'. (Source: Bloomberg)

Gold prices fell in United Arab Emirates on Monday, according to data compiled by FXStreet.

Cardano (ADA) hovers around the key support zone of $0.200 on Monday after falling more than 8% in the previous week.

Gold (XAU/USD) struggles to capitalize on Friday's modest bounce from sub-$4,300 levels and oscillates in a narrow band at the start of a new week as traders await key central bank events before placing fresh directional bets.

US Department of Energy Deputy Secretary James Danly tells Bloomberg's Haslidna Amin that the US is accelerating LNG export approvals and production to lower energy prices globally. He argues that expanding American energy abundance will offset supply disruptions, even as infrastructure limits remain. (Source: Bloomberg)

The Euro (EUR) is down 0.28% to near 1.1565 against the US Dollar (USD) during the European trading session on Monday.

Gold prices fell in Pakistan on Monday, according to data compiled by FXStreet.

Gold prices fell in India on Monday, according to data compiled by FXStreet.

Gold prices fell in Malaysia on Monday, according to data compiled by FXStreet.

Emerging-market stocks fell as rising tensions in the Middle East drove investors toward safer assets, while uncertainty over the global rate outlook added to the pressure.

"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)

EUR/JPY gains ground after registering losses in the previous day, trading around 178.30 during Asian hours on Monday. Technical analysis of the daily chart indicates the currency cross remains within the descending channel pattern, signalling an ongoing bearish bias.

Looking at the 4-hour chart, the pair settled the 100 simple moving average (red, 4-hour) and tested the 200 simple moving average (green, 4-hour). A low was formed at 1.1569, and the pair started a consolidation phase.

Europe’s protracted efforts to turn its much maligned markets into a more attractive proposition for investors reach a momentous juncture Monday: the arrival of a consolidated tape.

The heads of US frontier AI labs are terrified of ChinaAnthropic, OpenAI and Google held talks on AI safety body, report saysRipple's RLUSD supply hits fresh all-time high as XRP price lags behindPBOC sets USD/ CNY reference rate for today at 6.7698 (vs. estimate at 6.7083)CICC warns $100 oil could bring demand destruction into viewMusk highly confident SpaceX will launch Nvidia AI computers into orbit in 2027Carney explores Canada as EU associate member, WSJ reportsTrump wants future Iran talks focused on nuclear file, not Hormuz, sources sayNZ services sector expands for third month as PSI rises to 51.2Weekend: Tanker hit by projectile in Hormuz as fresh attacks reported at seaOil gap higher: Saudi pipeline shut after drone attack as Hormuz meeting is postponedGlobex is open and oil has jumped higher while stocks have slumped.Tesla's flying Roadster demo to land after years of missed reveal datesDemocrats meet ahead of Tuesday's crucial Clarity Act vote; BTC, ETH implications.ECB chief Lagarde says euro-area inflation shock will last longer than expectedNasdaq futures set to open lower as Altman rules out 2026 OpenAI IPOMonday open indicative forex prices, 14 September 2026Iran says Hormuz meeting with Gulf states postponed at request of regional countriesinvestingLive Americas FX news wrap 11 Sept: US CPI raises odds for Fed rate hikeSummary:Oil opened the week with a gap higher that held through the session, as the Middle East conflict continued to threaten global energy supply.Saudi Arabia's East-West pipeline remains shut after last week's attack, with initial reports citing sources inside Saudi Arabia describing catastrophic damage to pumping infrastructure at a minimum of eight locations, and repairs expected to take considerably longer than a month due to a shortage of spare parts.Three industry sources told Reuters Saudi Arabia is on track to exhaust its crude export stocks within five to seven days, potentially removing around 4 million barrels per day, roughly 4% of global supply, from the market.Oman postponed the Persian Gulf foreign ministers meeting at which Iran had been expected to formally unveil an agreement on a temporary Hormuz shipping lane.Gold traded around $4,340, and the US dollar was a little stronger on the session.US equity index futures gapped lower and traded heavily, with analysts pointing to reports that Anthropic and OpenAI have been involved in discussions around pacing AI development as a factor weighing on sentiment.Japan's Nikkei fell around 1% and South Korea's KOSPI fell around 2%, while China's main indexes traded mixed, with the Shanghai Composite up 0.16%, the Shenzhen Component down 0.25%, and the ChiNext down 0.47%.Goldman Sachs dropped its call for no change at this week's FOMC meeting on September 15 and 16, and now expects a 25 basis point hike, which it characterises as a likely "one and done" move that should not weigh heavily on equities. Oil opened the new trading week with a gap higher that held through the session, as the ongoing conflict in the Middle East continued to weigh on the outlook for global energy supply. The move followed confirmation that Saudi Arabia's East-West pipeline remains shut following an attack last week, with Oman separately postponing a planned meeting of Persian Gulf foreign ministers at which Iran had been expected to formally unveil an agreement on a temporary Hormuz shipping lane.Initial reports citing sources inside Saudi Arabia described the pipeline's pumping infrastructure as catastrophically damaged, with at least eight locations along the pipe hit, and said repairs are expected to take considerably longer than a month given a shortage of spare parts. Three industry sources told Reuters that the outage leaves Saudi Arabia on track to exhaust its crude oil stocks available for export within five to seven days, a development that could remove around 4 million barrels per day, roughly 4% of global supply, from the market.Further, US Energy Secretary Chris Wright warned not to bank on a breakthrough over the Strait of Hormuz, even as Iran prepares to propose a passage deal to other Gulf states. Speaking Sunday, he said it's not a safe assumption that Iran and its neighbours will reach a consensual agreement any time soon. In the meantime, he said markets should keep relying on existing workarounds, which he estimated are still moving around 10 million barrels a day of crude and refined products.Gold traded around $4,340 on the session, while the US dollar was a little stronger. US equity index futures gapped lower and traded heavily throughout the session, with analysts pointing in part to recent reporting that Anthropic and OpenAI have been involved in discussions around pacing the development of artificial intelligence, following public comments from executives at both companies over the weekend, as a contributing factor to the softer tone in risk assets.Asian equity markets were mixed to weaker. Japan's Nikkei fell around 1% and South Korea's KOSPI declined around 2%, while mainland Chinese indexes traded more evenly, with the Shanghai Composite gaining 0.16%, the Shenzhen Component slipping 0.25%, and the ChiNext down 0.47%.Separately, Goldman Sachs abandoned its forecast for no change in the federal funds rate at this week's Federal Open Market Committee meeting, scheduled for September 15 and 16, and now expects a 25 basis point rate hike. The bank characterised the move as likely to be a "one and done" adjustment, adding that it does not expect the decision to weigh heavily on equity markets. This article was written by Eamonn Sheridan at investinglive.com.

South Korea’s National Pension Service named Kyuhong Lee as chief investment officer to oversee its $1.4 trillion portfolio, handing him the reins of one of the world’s largest pools of retirement savings after a sharp surge in investment returns in the first half.

Gold reflects a subdued performance at the start of the Federal Reserve’s (Fed) monetary policy week at around $4,330.

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) start the week near crucial technical levels after a broadly bearish performance, correcting over 4%, 1.5% and 5% last week. BTC consolidates around $77,600, while ETH approaches key $2,550 resistance.

Pakistan GasPort Chairman Iqbal Z. Ahmed highlights how the closure of the Strait of Hormuz has disrupted LNG supply chains, reshaping Pakistan’s demand outlook. He speaks with Haslinda Amin from the sidelines of 'Gastech Bangkok 2026'. (Source: Bloomberg)

This ties directly into the broader narrative already weighing on AI sector sentiment following OpenAI's IPO delay and the industry's public safety anxieties, adding a China angle that markets have been comparatively slower to price. If the scale being described in Ulanqab is even a fraction as reported, it points to Chinese compute capacity expansion running at a pace that could reshape assumptions about the AI capability gap between the US and China, a factor increasingly cited by frontier lab executives as a rationale for the current pace of American AI development. The source of the info is here on twitter:By now, it's amply clear that the big bosses of US frontier AI labs are really, really scared of China.For chip and infrastructure related equities, a credible signal of this scale of Chinese buildout could reinforce demand expectations for power infrastructure, semiconductors, and cooling technology broadly, while also sharpening the geopolitical framing around export controls and chip access that has already been a live theme for the sector this year. As with any single sourced figure of this magnitude, some caution is warranted before treating it as a settled data point for positioning.---Earlier:Anthropic, OpenAI and Google held talks on AI safety body, report saysNasdaq futures set to open lower as Altman rules out 2026 OpenAI IPO--- An obscure grassland prefecture in Inner Mongolia may be quietly building the largest concentration of AI compute on the planet, and that could explain a lot about why US AI labs sound so nervous about China.Summary:Ulanqab, a sparsely populated prefecture in Inner Mongolia with around 1.5 million people, reportedly consumes nearly 1% of all of China's electricity, with that consumption growing by double digit percentages annually.On a per household basis, the source calculates electricity consumption in Ulanqab at roughly 105,000 kWh, about ten times the US household average, attributing the anomaly to large scale data centre activity rather than residential use.The prefecture has reportedly signed over half a trillion yuan in investment deals from major Chinese technology companies over the past several years.Citing Science and Technology Daily, the official newspaper of China's Ministry of Science and Technology, the source reports Ulanqab is building more than 5 million server racks.By comparison, xAI's Colossus facility in Memphis, Tennessee, which xAI itself describes as the world's largest AI supercomputer, is reported by the company to use around 200,000 chips, equivalent to roughly 5,000 to 6,000 racks.The author frames the scale difference, roughly a thousandfold by their calculation, as a possible explanation for heightened anxiety among US frontier AI lab leaders regarding China's AI capabilities. A little known prefecture in China's Inner Mongolia region, Ulanqab, has emerged as the site of what one analysis describes as the most ambitious data centre buildout anywhere in the world, according to source material examining why US frontier AI lab leaders have expressed growing concern about China's AI trajectory.Ulanqab is home to roughly 1.5 million people, a small population by Chinese standards, and until now has been known mainly as the birthplace of a man who briefly held the Guinness World Record for shortest living person. According to the source, the prefecture consumes nearly 1% of all of China's electricity, with that figure growing by double digit percentages each year. Dividing that consumption across local households, the source calculates a figure of roughly 105,000 kWh per household, around ten times the average US household's electricity use, attributing the anomaly not to residential consumption but to the scale of data centre activity in the region.The source reports that Ulanqab has attracted over half a trillion yuan in investment commitments from major Chinese technology companies over the past several years. Citing Science and Technology Daily, the official newspaper of China's Ministry of Science and Technology, the analysis states that the prefecture is building more than 5 million server racks, the standardised cabinets used to house computing hardware in data centres.For context on scale, the source compares this to xAI's Colossus facility in Memphis, Tennessee, which Elon Musk has described as the world's largest AI supercomputer. According to figures xAI has published itself, Colossus uses around 200,000 chips, which the source estimates translates to roughly 5,000 to 6,000 racks. On that basis, the reported rack count in Ulanqab would be on the order of a thousand times larger than Colossus, a gap the source describes as beyond anything comparable currently in operation globally.The analysis frames this buildout as a significant, and so far underdiscussed, geopolitical development, arguing that the scale of compute being assembled in Ulanqab may help explain the level of concern voiced recently by American AI industry leaders regarding China's progress in the field. The source suggests that if artificial intelligence proves to be the defining technology of the twenty-first century, as both Washington and Beijing appear to treat it, then this remote stretch of grassland on the Mongolian plateau could become one of the more consequential locations in the current era of geopolitical and technological competition. The specific figures cited, drawn from a single analysis and a Chinese state affiliated publication, have not been independently verified against other sources and should be read with that caveat in mind. This article was written by Eamonn Sheridan at investinglive.com.

Bloomberg's Yvonne Man speaks with Artificial Analysis's Micah Hill-Smith about the AI race, China's role in it, and the growing debate over model safety. (Source: Bloomberg)

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground for the third consecutive day and trading around 99.30 during Asian hours on Monday.

The AUD/USD pair touches a one-and-a-half-week low, around the 0.7140 region during the Asian session on Monday, though it lacks follow-through. Spot prices currently trade just above mid-0.7100s, down nearly 0.25% for the day.

Malaysian authorities charged former minister Jamil Khir Baharom for allegedly misappropriating 860 million ringgit ($210 million) from the Muslim pilgrimage fund Tabung Haji, making him the second United Malays National Organisation leader to be charged over the fund in as many weeks.

The NZD/USD pair tumbles to around 0.5790 during the early Asian trading hours on Monday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) on a dovish hike from the Reserve Bank of New Zealand (RBNZ).

Some investors are snapping up New Zealand bonds, betting sluggish economic growth will keep the central bank cautious on interest-rate hikes and extend the debt’s outperformance over global peers.

Silver (XAG/USD) kicks off the new week on a subdued note and oscillates in a narrow band above the $64.00 mark through the Asian session as traders seem hesitant to place directional bets ahead of key central bank event risks.

The report adds substance behind the wave of public safety commentary from AI industry leaders that surfaced over the weekend, suggesting the coordination is more advanced than a single essay or public statement implied. For markets, a credible move toward shared testing and auditing standards could be read two ways. On one hand, standardised pre-release safety reviews could reduce regulatory tail risk for the largest labs by getting ahead of government intervention, a dynamic that has previously supported valuations across the sector. On the other, several commentators have flagged that compliance costs tied to a lab-designed standards body could entrench the largest incumbents, given the OECD has already identified high fixed costs and concentrated infrastructure as barriers to entry in AI, a dynamic worth watching for how it affects competitive positioning among smaller players and infrastructure providers alike.---Earlier:Nasdaq futures set to open lower as Altman rules out 2026 OpenAI IPO--- The industry's loudest weekend safety statements turn out to have been building on months of quiet, coordinated talks between the three biggest labs.Summary:The Information (gated) reported that Anthropic, OpenAI and Google have held working group meetings since July discussing the creation of an industry led AI safety standards body.The discussions reportedly predate Anthropic chief executive Dario Amodei's public call on Saturday for AI companies to slow the pace of capability development and coordinate on safety.Google DeepMind chief executive Demis Hassabis had separately proposed a FINRA style, US based Frontier AI Standards Body on July 14.OpenAI chief executive Sam Altman reportedly told employees at an internal meeting that he supports creating a testing and auditing body, but believes major labs will need to build one themselves absent US government backing.The three companies hold differing views on the appropriate level of government involvement, with Anthropic leaning more toward government partnership and OpenAI emphasising voluntary industry standards while also supporting specific state level legislation.Industry-led safety coordination has precedent, including the 2023 Frontier Model Forum and its associated AI Safety Fund, and the Linux Foundation's Agentic AI Foundation launched in December 2025. Anthropic, OpenAI and Google have been holding working group talks since July on creating a shared, industry led standards body for AI safety, The Information reported, citing people familiar with the discussions. The talks reportedly predate a public call made on Saturday by Anthropic chief executive Dario Amodei urging AI companies to slow the pace of capability development and coordinate more closely on safety.The reporting suggests the public statements that emerged over the weekend, including Amodei's essay and OpenAI chief executive Sam Altman's public agreement with it, were building on top of an already active private coordination effort rather than initiating one. Google DeepMind chief executive Demis Hassabis had laid some of the groundwork earlier, proposing on July 14 a US based Frontier AI Standards Body modelled on the Financial Industry Regulatory Authority, the self regulatory body that oversees US broker dealers.At an internal employee meeting, Altman reportedly said he supports establishing a testing and auditing body for the AI industry, while adding that without backing from the US government, the major AI labs would need to construct such a body on their own. The three companies appear to hold somewhat different views on the right balance between industry self regulation and government involvement. Anthropic has leaned more explicitly toward partnering with government bodies, with the company's red team lead having publicly advocated in July for safety standards developed jointly with regulators. OpenAI, for its part, has emphasised advancing voluntary standards regardless of federal action, while separately supporting specific state level legislation on AI oversight.The core proposal under discussion centres on shared protocols for testing frontier models before public release, including independent evaluations, pre-release safety reviews, and standardised risk assessments, according to reporting on the talks. Each company already maintains its own internal framework for this kind of assessment, with Anthropic's Responsible Scaling Policy and OpenAI's Preparedness Framework both laying out internal processes for evaluating catastrophic risk before deployment, while Google DeepMind has been comparatively less public about the specifics of its own internal safety protocols.This is not the first attempt at cross-company coordination on AI safety. The Frontier Model Forum, an industry backed nonprofit launched in 2023 by six major AI companies, has run an associated AI Safety Fund with more than $10 million committed to independent safety research. More recently, the Linux Foundation's Agentic AI Foundation, established in December 2025, brought together open standards projects including Anthropic's Model Context Protocol, Block's Goose, and OpenAI's AGENTS.md. Whether the current talks produce a more formal standards body, and how much authority or government backing it ultimately carries, remains to be seen, with reporting indicating the working group discussions are still ongoing. This article was written by Eamonn Sheridan at investinglive.com.

Copper edged lower as hotter-than-expected US inflation saw traders boost bets on the Federal Reserve hiking interest rates.

USD/CAD halts its three-day winning streak, trading around 1.3870 during Asian hours on Monday. The pair inches lower as the commodity-linked Canadian Dollar (CAD) receives support from elevated oil prices.

The USD/JPY pair attracts some buyers at the start of a new week and climbs closer to the 154.00 mark during the Asian session, reversing a part of Friday's losses.

Gold price (XAU/USD) loses ground to near $4,340 during the early Asian trading hours on Monday. The precious metal remains under selling pressure as hotter-than-expected US inflation data raised prospects that the Federal Reserve (Fed) will hike interest rates later this week. 

China’s economy is moving into a period that could determine the course of stimulus through the end of the year, as consumers remain gripped by malaise despite signs of stabilizing growth.

What happened? Ripple's dollar-backed stablecoin RLUSD touched a new all-time high in circulating supply this week, reaching $2.442 billion. The milestone continues a steady climb through 2026: supply stood at roughly $1.7 billion in mid-August, passed $2 billion by late August, and had reached $2.32 billion by early September, putting monthly growth at a consistent 15 to 20 percent. The XRP Ledger is now cited as the industry's 11th largest stablecoin chain by native supply.Why does it matter? RLUSD's growth is happening while XRP itself has struggled. XRP's price is down roughly 27 percent year to date even as RLUSD's market cap has grown more than tenfold over the same period. That divergence points to institutions using RLUSD as settlement and treasury infrastructure independent of XRP's own price performance. Rising stablecoin supply on a network signals expanding liquidity and real-world usage, but it runs on a separate track from demand for the native token itself, and the two should not be read as moving together.What can readers watch or consider? Spot XRP ETFs have been described as attracting large amounts of capital this week, though daily inflows have been running in the low single-digit millions in recent sessions, with cumulative inflows since launch approaching the $1 billion mark over a longer window. The more precise read is that XRP ETF demand has been steady rather than surging, while RLUSD's supply growth has been the sharper and more consistent trend of the two.What could change the interpretation? A sustained pickup in daily XRP ETF inflows, rather than an isolated large session, would support a narrative of accelerating institutional demand running alongside RLUSD's growth. Absent that, the more accurate framing is that RLUSD adoption and XRP price and ETF demand are decoupling, which is arguably the more significant story for institutional crypto infrastructure than XRP's price action itself.What to watch next: Watch whether RLUSD's supply growth holds its recent monthly pace and whether XRP ETF inflows shift from steady to accelerating. The practical takeaway: RLUSD's climb is a genuine and verifiable adoption story, but it isn't a proxy for XRP demand or price strength unless the ETF flow data starts to reflect that connection.---For crypto traders, XRP ETFs are live and tradeable in the US. Several launched through late 2026, including:Franklin Templeton XRP ETF (XRPZ)Bitwise XRP ETFCanary XRP ETFREX-Osprey XRP ETFGrayscale XRP Trust/FundWhich XRP ETF carries the liquidity?Of the five spot XRP ETFs, Bitwise's fund (ticker: XRP) is the clear leader on both trading volume and size, carrying roughly $22 to 28 million in daily volume and around $520 million in assets under management, both comfortably the largest in the group. Franklin Templeton's XRPZ is a distant second on both measures, with daily volume in the $7 to 8 million range and about $388 million in assets, though it carries the lowest expense ratio of the group at 0.19 percent against Bitwise's 0.34 percent. Canary Capital, Grayscale and REX-Osprey trail well behind on both volume and assets, with REX-Osprey the thinnest of the five. For traders prioritising ease of entry and exit, Bitwise's depth of volume stands out as the practical choice among the five; those weighing cost over liquidity may still find Franklin Templeton's lower fee more attractive for longer holding periods.XRP's chart tells a clear story around the middle of August. The token fell to a yearly low of $0.98 on August 14, then staged a sharp reversal beginning around August 19, which is exactly where the Bitwise ETF chart shows that long lower wick followed by a violent green candle. From there, XRP surged roughly 56 percent in a single week, its sharpest weekly move since the post SEC settlement rally in August 2025.Several drivers converged at once to produce that move. Short interest in XRP perpetuals had reached its highest level since April, and heavy short liquidations amplified the rally once buying pressure took hold. Bitcoin's breakout above $77,000 created a rising tide effect across crypto more broadly, lifting XRP alongside it. Spot XRP ETFs recorded a record $110.49 million in inflows over the week, pushing cumulative inflows past $1.66 billion since launch. The US Treasury's expansion of long term bond buybacks has also been linked by some reporting to a broader risk on move across crypto that same week. Underpinning the move, fundamental developments including the Hidden Road integration going live and RLUSD gaining traction as a settlement layer gave the rally more substance than a pure leverage driven squeeze. This article was written by Eamonn Sheridan at investinglive.com.

West Texas Intermediate (WTI) oil price rebounds after falling nearly 4% in the previous trading day, hovering around $99.40 per barrel during Asian hours on Monday.

The GBP/USD pair struggles to capitalize on Friday's bounce from the vicinity of the monthly swing low and consolidates above the 1.3500 psychological mark at the start of a new week.