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Thursday 16 July 2026
Week of 2 March: Crypto Rally, Earnings, Tariffs, & More
The week of 2 March kicked off with notable market events, such as the Crypto rally on Sunday after US President Donald Trump revealed his new plans to turn the US into “the Crypto Capital of the world.”
These economic events precede the eventful week ahead, which has multiple highlights, including key releases covered in this article.
Let’s take a look at the week ahead and dive into the latest Cryptocurrency volatility:
Trump Boosts Crypto (Again)
Trump’s pro-Crypto policies have yet again created a rally in the Cryptocurrency market. To be specific, on Sunday, 2 March, Trump unveiled the 5 Cryptocurrencies (Bitcoin, XRP, Solana, Cardano, and Ethereum) that will be part of the new strategic reserve to boost the US’ Crypto supremacy.
Trump announced this in two social media posts. The first states that he signed an order that "directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA,” and the second states that these will also include “BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Reserve.”
Perhaps unsurprisingly, the first group of Cryptocurrencies (Solana, Ripple, and Cardano) soared 62% on Sunday, while Bitcoin and Ethereum gained 10% each.
As we dive deeper into the week, it will be interesting to see what else lies ahead for the Crypto market and if the hype will wane or continue.
US Tariffs on Canada & Mexico Come into Effect
The US tariffs on Canada and Mexico are set to take place on Tuesday, March 4. On the same day, Trump is set to address Congress to discuss his administration’s agenda, mainly covering topics like the tariffs that are set to take place the same day.
Will the tariffs affect the various financial markets, and what are the main sectors that will be influenced? Only time will tell.
US Jobs Data
The US labour market will be in the spotlight this week with the release of February’s jobs report on Friday, 7 March, which will provide valuable insights into the health of the US economy.
While the results of the report are yet to be determined, projections point toward a modest rise in February and a steady unemployment rate (at 4%).
Earnings Releases
Key earnings are set to be released this week, with the main ones including reports from the following big names:
Tuesday, 4 March:
Wednesday, 5 March:
Thursday, 6 March:
What will the reports reveal about these companies’ financial outlook?
ECB Rate Decision
The European Central Bank (ECB) will decide on interest rates this week on Thursday, 6 March. The Eurozone’s central bank is expected to cut rates again by a quarter of a percentage point, adding to the speculations that further rate cuts could be on the horizon this year.
It will be worth seeing if this affects the Forex market in general and the EUR/USD pair in particular.
More Key Reports & Events to Keep in Mind
Besides the above-mentioned events and reports, traders may want to keep tabs on the following:
Monday, 3 March:
Remarks from St. Louis Fed President Alberto Musalem
US S&P manufacturing Purchasing Managers Index (PMI)
Eurozone PMI
US ISM Manufacturing PMI
US Construction Spending
Tuesday, 4 March:
Remarks from New York Fed President John Williams.
Wednesday, 5 March:
US S&P Services PMI
US Factory Orders
Federal Reserve Beige Book
Thursday, 6 March:
Remarks from Atlanta Fed President Raphael Bostic
US Trade Deficit
US Productivity
US Wholesale Inventories
Friday, 7 March:
Eurozone Gross Domestic Product (GDP)
Remarks from Fed Governor Michelle Bowman and New York Fed President John Williams
US Consumer Credit (Source: Investopedia)
Conclusion
The week of 2 March has already proven to be eventful, with notable shifts taking place in the Cryptocurrency realm. Ahead of the upcoming economic and financial events and releases, market watchers may want to keep track of the results this week to see where the economy may be headed in the near future.
*Past performance does not reflect future results.
