News

Release Time: 10:00 AM, May 9th, 2025

Publisher: Mr. Leon

MARKET OVERVIEW

1. Stock Market:

• Vietnam Market: The market continued to rise after surpassing the 1,250 point mark, with improved liquidity indicating positive fund support. The upward signal helped the market break through MA(200) at 1,262 points and approach MA(50) at 1,273 points. Fluctuations are expected around the 1,262–1,273 point range, but the current upward momentum could help the market aim for the 1,300 point level in the near future.
• US Market: The US stock market continued its upward trend in the session on May 8th, 2025, driven by positive sentiment from expectations that the US Federal Reserve (Fed) would maintain interest rates at the current level and positive information from the technology sector. The Dow Jones Industrial Average increased by 254.48 points (+0.6%) to 41,368.45 points, the S&P 500 rose by 32.66 points (+0.6%) to 5,663.94 points, while the Nasdaq Composite led with an increase of 189.98 points (+1.1%) to 17,928.14 points.

2. Forex

• USDJPY: The main trend is upward. There will be a short-term recovery today, and short selling opportunities may arise. Daily resistance is at 146.200.
• Reason: The Japanese Yen weakened after the Bank of Japan (BoJ) kept interest rates unchanged and indicated that it would take longer to achieve its inflation target, while the US Federal Reserve (Fed) also kept interest rates unchanged, making the USD stronger.

3. Gold:

• Trading at $3,289.5 USD/ounce, down $69.5 USD from last night.
• Reason for the price decrease: World gold prices fell sharply due to a stronger USD after the US Federal Reserve (Fed) kept interest rates unchanged and expectations of a trade agreement between the US and the UK, reducing the demand for safe-haven assets.

4. Oil: XTI/USD has a short-term upward trend. Buying positions can be considered today, with daily support at 59.00.

5. Bitcoin: BTC/USD Price: Currently trading around $102,937 USD, up 4.05% in the last 24 hours. Market Sentiment: Bitcoin continued its upward momentum, surpassing the $100,000 USD mark, thanks to the recovery of the cryptocurrency market and positive investor sentiment.

TRADING PLAN

1. USD/JPY

Trend: Short-term bearish

Recommendation: Sell at 145.887, Stop Loss: 146.287, Take Profit: 145.087

2. Vietnam Stocks: FPT

Recommendation: BUY FPT (May 9th, 2025), Entry Price: 111,500 - 114,500 VND, Target 1: 122,000 VND, Target 2: 130,000 VND, Stop Loss: 106,800 VND.

NOTABLE EVENTS TODAY:

• 15:40 - GBP: BOE GOV Bailey Speaks
• 22:30 - USD: FOMC Waller Speaks

DISCLAIMER

• The above analysis represents the personal opinion of analyst Leon from Lotus and should not be considered as a basis for actual market participation.
• Lotus only provides technical trading analysis and trading knowledge training for students.
• Lotus does not represent any securities company or asset management company.
• Lotus does not manage students' funds.