China’s CommMin: China opposes all forms of protectionism - Reuters

Dhwani Mehta FXStreet

China’s Commerce Minister Zhong Shan wrote in the People’s Daily, the ruling Communist Party’s official newspaper, the Chinese government is firmly against protectionism and will do everything to safeguard the world’s multilateral trading system.

Key Quotes:

“China will quicken the pace of reform and implement its pledge to opening up banks, securities and insurance, besides easing foreign ownership limits on autos, ships and aircraft.

China will also step up protection of intellectual property rights and backs a free trade zone in its southern province of Hainan.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

EUR/USD remains apathetic near 1.1770 post-US PCE

EUR/USD trades slightly on the back foot on Friday, hovering around the 1.1770 area as the US Dollar trims its advance on Friday. Data wise on the US docket, inflation tracked by the PCE rose a tad in December, while the flash GDP showed the economy is seen expanding below estimates at 1.4%YoY in Q4 2025.

GBP/USD clings to daily gains around 1.3470 after US data

GBP/USD keeps the bid tone unchanged near 1.3470 amid increasing upside momentum in the US Dollar, particularly after the release of US PCE and GDP figures.

Gold trims gains on US data, flirts with $5,000/oz

Gold clings to daily gains just over the key $5,000 region per troy ounce on Friday. The modest gains in the yellow metal come despite the Greenback’s recovery is picking up pace following US data releases.

Crypto Today: Bitcoin, Ethereum, XRP rebound as risk appetite improves

Bitcoin rises marginally, nearing the immediate resistance of $68,000 at the time of writing on Friday. Major altcoins, including Ethereum and Ripple, hold key support levels as bulls aim to maintain marginal intraday gains.

Week ahead – Markets brace for heightened volatility as event risk dominates

Dollar strength dominates markets as risk appetite remains subdued. A Supreme Court ruling, geopolitics and Fed developments are in focus. Pivotal Nvidia earnings on Wednesday as investors question tech sector weakness.

Official Trump price approaches breakout with mixed signals from traders

Official Trump (TRUMP) is trading at $3.50 at the time of writing, approaching its upper consolidation range. A breakout from this range could open the door for an upside move. On-chain data shows market indecision, with balanced flows between bulls and bears, signaling a lack of clear directional bias.