News

Release Time: 10:00 AM, May 5, 2025
Publisher: Mr. Tony

MARKET OVERVIEW

1. Stock Market

Vietnam Market:
The market remains hesitant around the 1,220 support level with declining liquidity. Despite the quiet sentiment, buying demand has continued to support the index as it approaches 1,220, indicating accumulation and a balance between supply and demand. Support signals in the upcoming sessions are expected to help the market extend its recovery momentum.

U.S. Market:
On May 2, 2025, U.S. stock markets posted strong gains: the Dow Jones rose 1.39% to 41,317.43, the S&P 500 climbed 1.47% to 5,686.67, and the Nasdaq Composite increased 1.51% to 17,977.73. The rally was fueled by a better-than-expected April jobs report, with 177,000 new jobs created versus a forecast of 135,000, and the unemployment rate held steady at 4.2%. Additionally, easing tensions in U.S.–China trade relations contributed to improved market sentiment.

2. Forex

• EUR/USD: Downtrend overall, slight rebound today – trading is limited.

• USD/JPY: Uptrend overall, minor pullback today – trading is limited.

3. Gold

Spot gold is currently priced at $3,363.47 per ounce, up $40 from last week’s close.

4. Oil

• XTI/USD: Downtrend overall, opened with a gap down today – trading is limited.

5. Crypto

Bitcoin is trading around $95,078, up 2.2% from yesterday morning. The price remains stable above $94,000 and is aiming for the $97,000 mark as Bitcoin ETFs have seen $3.06 billion in net inflows.

TRADE IDEA

1. XPT/USD (Platinum)

• Trend: Uptrend

• Recommendation: Buy

• Entry Price: 952

• Stop Loss: 943

• Take Profit: 970–980
  

KEY EVENTS TODAY

1:30 PM
CHF – Consumer Price Index (CPI) m/m

• Actual: 0.2% Forecast: 0.0%

All Day
GBP – Bank Holiday

3:30 PM
EUR – Sentix Investor Confidence

• Actual: -14.9 Forecast: -19.5

8:45 PM
USD – Final Services PMI

• Actual: 51.4 Forecast: 51.4

9:00 PM
USD – ISM Services PMI

• Actual: 50.2 Forecast: 50.8

DISCLAIMER

• The above commentary represents the personal view of analyst Tony from Lotus, and should not be considered as investment advice.

• Lotus provides technical analysis and trading education for students only.

• Lotus does not represent any securities firm or asset management company.

• Lotus does not manage capital for its students.