Here is what you need to know on Monday, September 28:

Silver price (XAG/USD) is down 4.3% to near $61.50 during the European trading session on Monday. The white metal nosedives as elevated United States (US) Treasury Yields have diminished its appeal.

HSBC sees the Euro facing mounting headwinds from both monetary policy and energy markets.

TradingKey - On September 28, Nikkei reported that TSMC (TSM)-backed Vanguard International Semiconductor (VIS) opened its first 12-inch wafer fab in Singapore. Driven by sustained growth in demand fo

Solana (SOL) faces a mild pullback, trading below $119 on Monday after gaining over 22% in the last two weeks. Despite this correction, SOL bulls remain in control, with institutional demand recording the second-highest weekly inflow through spot Exchange Traded Funds (ETFs).

The Japanese Yen (JPY) is trimming gains from Friday’s rebound against the US Dollar (USD) on Monday.

MUFG’s Teppei Ino reviews USD/JPY price action over Japan’s extended holiday week. The pair opened near 157 and traded in a broad 156–159 range as Dollar strength persisted and expectations of a possible earlier Federal Reserve rate hike supported gains.

DBS Group Research strategist Sherilyn Chew contrasts India’s domestic backdrop with Indonesia, arguing India is deeper into a tightening phase. Markets are pricing a possible Reserve Bank of India (RBI) hike in October, with liquidity surplus falling after RBI draining measures.

HSBC’s FX Viewpoint argues the broad US Dollar is likely to strengthen modestly in the near term as cyclical, political and structural forces turn more supportive.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $93.05 during the early Asian trading hours on Monday. WTI rises following US President Donald Trump’s rejection of an Iranian peace deal.

Quant (QNT) price hovers above $250 on Monday following a parabolic rise of nearly 350% last week.

TradingKey - As of the Asian session on September 28, international gold prices continued their recent weakness, with spot gold (XAUUSD) falling below $4,200 intraday to a low of $4,179.42, down over

The British Pound (GBP) is up 0.15% at around 1.3245 against the US Dollar (USD) in the early European session on Monday. The GBP/USD pair gains as the British currency outperforms its peers despite market experts questioning hawkish Bank of England (BoE) repricing.

The Indian Rupee (INR) starts the week on a negative note against the US Dollar (USD) due to significant gains in oil prices over the weekend. As of writing, the USD/INR pair is up 0.15% to near 95.95.

The EUR/USD pair fills a modest weekly bearish gap, though it lacks bullish conviction and struggles below the 1.1400 mark through the Asian session on Monday.

USD/IDR recovers its recent losses from the previous trading day, trading around 17,980 during the Asian hours on Monday.

Asian equities mostly trade in negative territory on Monday, pressured by rising oil prices and higher US Treasury yields. Traders doubt that the United States (US) and Iran will reach a ceasefire agreement soon. 

Singapore Industrial Production (YoY) climbed from previous 6.8% to 15.4% in August

Singapore Industrial Production (MoM): -0.5% (August) vs previous 2.3%

Cardano (ADA) shows signs of consolidation, trading below $0.260 on Monday after an 11% gain the previous week. Mixed derivatives and on-chain metrics point to caution among traders. Meanwhile, the technical outlook suggests bullish sentiment remains, but ADA’s near-term direction remains uncertain.

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

The AUD/JPY cross trades in positive territory around 110.85, snapping the four-day losing streak during the early European session on Monday.

EUR/JPY gains ground after registering modest losses the previous day, trading around 179.70 during Asian hours on Monday. Technical analysis of the daily chart shows that the currency cross continues to trade within a descending channel pattern, pointing to a persistent bearish outlook.

Meme coins including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) make a soft start on Monday as key resistance levels capped gains last week.

TradingKey - On September 25, Eastern Time, Microsoft (MSFT) unveiled a new generation of Microsoft Copilot and announced three features: Home, Code, and Autopilot. Autopilot can execute long-running

TradingKey - Micron Technology (MU) will release its fourth-quarter fiscal 2026 financial results after the U.S. market close on September 30. Against the backdrop of continued AI server expansion, ri

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) take a breather at the start of the week on Monday after their recent gains last week. BTC pulls back, trading below $83,600 while ETH extends its losses, trading below $2,700, and XRP consolidates around $1.500.