Welcome to Monday, and it’s shaping up to be an eventful start to the first full trading week of March. The economic calendar is packed, and markets are already moving with energy.
First up, all eyes are on the Eurozone CPI flash estimate, expected at 2.3%, which will set the tone for inflation expectations and the ECB’s next steps. Across the Atlantic, we’ll also get the ISM Manufacturing PMI from the US, forecasted at 50.6—a key indicator of economic activity that could impact Fed policy outlooks.
But beyond traditional markets, the real buzz is coming from cryptocurrencies. Over the weekend, we saw a massive upswing across the board, fueled by Donald Trump’s announcement of a strategic crypto reserve. Bitcoin, Solana, XRP, and other major digital assets surged as investors processed the implications of this unexpected policy shift.
On the FX front, Monday is opening with continued European currency strength and US dollar weakness—at least for now. Of course, things can change quickly once the European session gets into full swing.
Over in futures markets, the most significant shift is happening in equities. Last week was rough, with indices hitting new mid-term lows, but by Friday’s close, we saw a sharp bullish reversal. That momentum is carrying over into Monday, with stock indices opening in the green and likely to continue climbing as the day progresses. The mood in equity markets appears cautiously optimistic—whether it’s a true turnaround or just a short-term bounce remains to be seen.
Turning to commodities, oil is trying to hold onto a green open. Despite Monday’s early gains, the long-term sentiment remains negative as prices hover near mid-term lows. Bulls will need a stronger push to turn things around. On the other hand, metals are showing real strength. A rapid upswing in gold and silver suggests that risk sentiment might be shifting, possibly setting the stage for a bullish week in precious metals.
And, of course, while the week is packed with key economic data, all eyes will be on Friday. The Non-Farm Payrolls (NFP) report is coming, and as always, it has the potential to shake up markets. Until then, traders should keep an eye out for interesting opportunities throughout the week—volatility is guaranteed, and there’s plenty of action ahead.