News

Release Time: 10:00 AM, June 02, 2025
Released by: Ms. Jenny

MARKET OVERVIEW

1. Stock Market:

• Vietnam Market:
  The market continues to face pressure around the 1,345-point level due to profit-taking activities and strong net selling from foreign investors. The failure to break through the 1,345 resistance level has led to a corrective movement, with the support zone projected around 1,320–1,330 points. In the short term, the market is likely to fluctuate within the 1,320–1,345 range before establishing a clearer trend.

• U.S. Market:
  The market was indecisive as investors remained cautious ahead of the upcoming PCE inflation data and escalating trade tensions between the U.S. and China. The Dow Jones edged up by 0.1%, while the S&P 500 was flat and the Nasdaq slipped by 0.4%. Positive earnings from Dell, driven by demand for AI servers, helped support market sentiment, but concerns about trade policy and inflation continue to exert short-term pressure.

2. Forex:

• EUR/USD: Uptrend. Buy positions may be considered today.
  Support level: 1.13500

• USD/JPY: Downtrend. Sell positions may be considered today.
  Resistance level: 144.000

3. Gold:

• Global gold prices are currently hovering around $3,288/oz (+$4.4 this morning), equivalent to approximately $3,290/oz.

• Domestic gold prices have rebounded slightly (~+0.5 million VND) from the morning lows, while global prices remain stable near $3,288/oz.

4. Oil:

• XTI/USD: No clear dominant trend. There is a short-term increase today, but trading should be limited while waiting for a clearer direction.

5. Crypto – BTC:

• BTC/USD is currently trading around $107,000–108,000, maintaining levels well above $93,000.

• The recent rally has been driven by political news from the U.S., helping BTC break and hold above the key $107k level.

TRADE SETUPS

1. EUR/USD

• Short-term trend: Up

• Recommendation: Buy at 1.13612

  • Stop loss: 1.13462

  • Take profit: 1.13912

2. XAU/USD (Gold)

• Trend: Up

• Recommendation: Buy around 3279–3289

  • Stop loss: 3257

  • Take profit: 3350–3460

KEY EVENTS TODAY

• 7:00 AM (USD): FOMC Member Waller Speaks

• 2:00 PM (CHF): Quarterly GDP (q/q)

• 9:00 PM (USD): ISM Manufacturing PMI

• 9:00 PM (USD): ISM Manufacturing Prices

DISCLAIMER

• The above analysis reflects the personal views of analyst Jenny from Lotus and should not be considered as an official trading recommendation.

• Lotus provides technical analysis and trading education only.

• Lotus is not affiliated with any brokerage or asset management firm.

• Lotus does not manage funds for its students.