Global Markets in Turmoil – U.S. Tech Slumps While Capital Flows Stay Strong in Vietnam

Release Time: 10:00 AM, August 20, 2025

Issuer:Ms. Jenny

MARKET OVERVIEW

1. Stock Market:

Vietnam Market:
The market rebounded to the 1,650–1,665 range with improved liquidity, showing that capital inflows remain supportive despite increasing profit-taking pressure. Although there is still no convincing bullish signal, the previous upward momentum is intact, and the market is expected to continue testing this resistance zone in the coming sessions.
U.S. Market:
Nasdaq dropped sharply by 1.5%, pressured mainly by leading names such as Nvidia (−3.5%) and Palantir (−9.4%). Meanwhile, the Dow Jones held its ground near recent highs, edging up 0.1%, supported by stable results from Home Depot. The S&P 500 lost 0.6%, marking its third consecutive decline after hitting a record high last week. Today’s session highlighted a clear divergence between tech-heavy stocks and traditional/defensive sectors. Investors remain cautious ahead of Fed Chair’s speech at Jackson Hole, which is expected to shed light on upcoming monetary policy direction.

2. Forex:

EUR/USD: Bearish trend; short positions can be considered today. Daily resistance: 1.16600.
USD/JPY: Bullish trend; long positions can be considered today. Daily support: 147.400.

3. Gold:

August 19 saw strong volatility against the previous bullish trend, as gold plunged from 3,354 to 3,310 USD/oz.
Reason: The easing of geopolitical tensions and improved stability have reduced safe-haven demand.

4. Oil:

Currently consolidating at strong support, awaiting a breakout for trading opportunities.
Daily resistance: 63.50 – Daily support: 62.40.

5. Crypto:

Bitcoin is trading around 113,303 USD, down about −2,527 USD (~−2.18%) from the previous session. Today, BTC is fluctuating between 113,200–113,300 USD, marking a 2–2.5% decline versus 24 hours ago. Over the past week (as of Aug 19), Bitcoin fell nearly 4%, now stabilizing below the 113,000–116,000 USD range, suggesting a consolidation phase amid macroeconomic pressures.

TRADING STRATEGY

Vietnam Stock: VHC

Recommendation: WAIT TO BUY VHC (Aug 20, 2025)
Entry: 57,000 – 58,300 VND
Target 1: 62,000 VND
Target 2: 67,000 VND
Stop-loss: 54,400 VND

EUR/USD

Trend: Bearish
Recommendation: Sell at 1.16260, Stop-loss 1.17100, Take-profit 1.14605

KEY EVENTS TODAY

1:00pm – GBP – CPI y/y (Consumer Price Index, annual)
2:10pm – EUR – ECB President Lagarde Speaks
10:00pm – USD – FOMC Member Waller Speaks

DISCLAIMER

The above outlook only represents the personal view of analyst Jenny from Lotus, and is not intended as a basis for actual market participation.
Lotus only provides trading technical analysis and training for learners.
Lotus does not represent any securities company or asset management firm.
Lotus does not manage learners’ funds.