Weekly Economic Calendar
| Date | Time | Currency | Event | Expectation | Previously Announced Data |
|---|---|---|---|---|---|
| March 4, Tuesday | USD | Trump’s 25% tariff on Canada and Mexico takes effect | |||
| March 5, Wednesday | 16:15 | USD | ADP Non-Farm Employment Change (Preliminary Data) (Feb) | 144K | 183K |
| March 6, Thursday | 14:00 | TRY | Turkey One-Week Repo Rate (Feb) | 45% | |
| March 7, Friday | 16:30 | USD | Non-Farm Payrolls (Feb) | 156K | 143K |
| March 7, Friday | 16:30 | USD | Average Hourly Earnings (MoM) (Feb) | 0.3% | 0.5% |
| March 7, Friday | 16:30 | USD | Unemployment Rate (Feb) | 4% | 4% |
| March 7, Friday | 19:00 | USD | Fed Monetary Policy Report | ||
| March 7, Friday | 20:30 | USD | Fed Chair Powell’s Speech | ||
| March 7, Friday | BTC | White House Crypto Summit |
Crypto Strategic Reserve Plan
U.S. President Donald Trump’s announcement of the Crypto Strategic Reserve has triggered a strong market surge.
In a statement on Truth Social, Trump declared that the U.S. Crypto Reserve would revive this critical sector after years of destructive policies under the Biden administration.
He emphasized that the reserve will not be limited to Bitcoin and Ethereum but will also include XRP, SOL, and ADA. Trump reaffirmed the U.S.’s commitment to becoming the global leader in the crypto sector, calling this move a turning point for the future of the digital economy.
Following Trump’s announcement, Bitcoin surged from $85,000 to $94,000.
Trump and Tariffs
As of March 4, Trump announced a 25% additional tariff on imports from Mexico and Canada.
Canadian Prime Minister Justin Trudeau vowed strong retaliation against the U.S. decision.Mexican President Claudia Sheinbaum stated that negotiations were ongoing, expressing hope for a resolution before March 4.
China, Mexico, and Canada account for over 40% of total U.S. imports. The new tariffs are expected to increase trade costs, raise prices, and escalate global economic tensions.
White House Crypto Summit
On March 7, President Donald Trump will meet with leading cryptocurrency industry figures at the White House for strategic discussions on the future of digital assets.
The summit will bring together industry leaders and policymakers to discuss regulatory frameworks and innovation-driven policies for the U.S. crypto ecosystem.
The White House aims to clarify the Trump administration’s stance on digital assets and present a supportive vision for the industry.
Ethereum’s Outlook for March
Ethereum prices have been experiencing high volatility, with growing bearish sentiment in the options market.
As volatility increases, investors are turning to hedging strategies to minimize risk. The inversion of the futures curve and rising implied volatility suggest that market participants are approaching downside risks cautiously.
Technical indicators also signal weakness, making March a crucial month for determining Ethereum’s direction.
BTC:
We observe that 88% of Bitcoin holders are in profit, 10% are at a loss, and 2% remain neutral at the current market price. Compared to last week, there has been a 1% decrease in the proportion of profitable holders.
Meanwhile, whale transaction volumes have increased, reaching $170.33 billion.
ITB analysis indicates “2 neutral”, “1 bullish”, and “2 bearish” market expectations for Bitcoin.
“The investment information and comments provided in this research report do not constitute investment advice.”
Research Specialist at EgeMoney
My areas of expertise include fundamental and technical analysis, portfolio management, risk analysis, and market research. Adapting to rapidly changing market conditions and producing reports are among my top priorities. Through my research on the EgeMoney platform, I aim to shape your financial future and add value to your decision-making processes.
