Before the Fed: Defense or Offense?

Market Release Time: 10:00 AM, May 7, 2025

Publisher: Ms. Jenny

MARKET OVERVIEW

1. Stock Markets

Vietnam Market: The market continues to rise but shows cautionary signals with a Shooting Star candlestick and increased liquidity, indicating rising supply pressure. The VN-Index is approaching the MA(200) zone, potentially facing correction pressure. A retest of cash flow around the 1,230–1,240 range is expected.

US Market: Declined for the second consecutive session (May 6) due to concerns over new tariff policies and Fed uncertainty. The Dow Jones dropped nearly 390 points, while the Nasdaq and S&P 500 also fell sharply. The 10-year US Treasury yield dipped to 4.31%, reflecting a shift toward safe-haven assets. Investors await the Fed’s meeting conclusion (May 7) for hints on interest rate policies amid slowing inflation and economic growth.

2. Forex

- AUD/USD: Short-term downtrend. Sell recommendation today, resistance at 0.65000.

- USD/JPY: Short-term uptrend. Buy recommendation today, support at 142.700.

3. Gold

- Traded at 3,406.4/oz∗∗,up∗∗3,406.4/oz∗∗,up∗∗71 from the previous session.

- Reason: Safe-haven demand surged due to geopolitical tensions and expectations of economic stimulus from major economies.

4. Oil (XTI/USD)

- Short-term downtrend. Sell recommendation today, resistance at 59.50.

5. Crypto (Bitcoin)

- Trading around 94,000∗∗,fluctuatingbetween∗∗94,000∗∗,fluctuatingbetween∗∗90,000–$97,000 recently.

- Sentiment: Narrow range due to tariff concerns and economic uncertainty.

TRADING PLANS

1. Vietnam Stock: POW

Recommendation: BUY (May 7, 2025)

Entry: 11,900–12,200 VND

Targets: 13,000 VND (T1), 14,000 VND (T2)

Stop-loss: 11,600 VND

2. Ethereum (ETH)

Recommendation: Buy at 1,834∗∗,stop−lossat∗∗1,834∗∗,stop−lossat∗∗1,695, take-profit at 2,137–2,137–2,300.

3. AUD/USD

Trend: Short-term bearish

Recommendation: Sell at 0.64882, stop-loss at 0.65082, take-profit at 0.64482.

KEY EVENTS TODAY

2:00 PM: CHF – Foreign Currency Reserves

3:00 PM: EUR – Italian Retail Sales (MoM)

3:30 PM: GBP – Construction PMI

DISCLAIMER

The above market analysis reflects the personal views of analyst Jenny from Lotus and is not a basis for actual trading participation.
Lotus only provides trading technical analysis and education for students.
Lotus is not affiliated with any securities firms or asset management companies.
Lotus does not manage student funds.