Global Focus on the Fed: VN-Index Rebounds, Gold Hits Record High, BTC Stalls

Release Time: 10:00, September 10, 2025
Released by: Mr. Leon

1. Stock Market

Vietnam Market:
The VN-Index staged a mild rebound with a Hammer candlestick pattern as it retreated to the low of August 25, 2025; trading volume declined, indicating selling pressure has temporarily eased. Support signals are visible around 1,610 points, though low liquidity may limit the rebound momentum. The market is likely to continue recovering, but supply pressure at the MA(20) – the 1,650 zone – may increase again, creating resistance.
US Market:
The S&P 500 rose 0.3% to 6,512.61, the Dow Jones gained 0.4% to 45,711.34, and the Nasdaq advanced 0.4% to 21,879.49 – all setting new highs. Growing expectations that the Fed will cut interest rates are fueling the rally. Meanwhile, the Russell 2000—representing small-cap stocks—slipped 0.5%, showing capital concentration in large-cap equities.

2. Forex

3. Gold

Spot gold hit $3,673.95/oz, a fresh all-time high, driven by stronger expectations of Fed rate cuts, a weaker USD, and surging central bank demand.
Gold futures (December delivery) also rose, trading around $3,651.96/oz, maintaining steady gains.
Since the start of 2025, gold has surged over 38%, extending the 27% gain in 2024, supported by global economic uncertainties and persistent buying from ETFs and central banks.

4. Oil

XTI/USD in short-term uptrend; buying positions can be considered today. Daily support: 63.00

5. Bitcoin

Current price: around $111,433, nearly unchanged from the previous close (–0.00001%).
Intraday range: $110,812 – $113,237, indicating BTC is consolidating within a stable zone without major volatility.

VHC
BUY recommendation (09/10/2025), entry: 57,100 – 58,100 VND, Target 1: 61,000 VND, Target 2: 64,000 VND, Stop loss: 54,900 VND.
XTI/USD

The above views represent only the personal opinions of Lotus analyst Leon and do not serve as a basis for actual trading participation.
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