Gold surges, U.S. stocks plunge.

Release time: 10:00 AM, July 2, 2025
Published by: Mr. Tony


MARKET OVERVIEW

1. Stock Market:

  • Vietnam market: The market maintained its uptrend but showed signs of indecision with a Doji Star candlestick pattern. Liquidity increased, indicating growing profit-taking activities, though selling pressure remains mild. Capital inflows show signs of absorption but remain hesitant. Overall, the uptrend is still well-supported, and the possibility of the market continuing its advance in the near future remains present.

  • US market: S&P 500 ETF (SPY) fell slightly by 0.06%, Nasdaq (QQQ) dropped over 0.8%, while the Dow Jones (DIA) rose about 0.95%. This was the first time the S&P closed in the red after four consecutive sessions of gains. The S&P 500 ended the session down 0.1% at 6,198.01, Nasdaq fell 0.8% to 20,202.89, and the Dow surged by 400 points to 44,494.94.


2. Forex:

  • AUD/USD: Short-term downtrend. Selling positions can be considered today. Daily resistance: 0.65900

  • USD/JPY: Short-term uptrend. Buying positions can be considered today. Daily support: 143


3. Gold:

Gold is trading around 3,330 – 3,340 USD/ounce: Gold has slightly corrected from its early-year record high and is currently consolidating in the 3,330–3,350 USD range. HSBC warns that the uptrend is cooling and forecasts a potential short-term correction/reversal. Gold is undergoing a mild correction after months of strong gains, affected by easing geopolitical concerns and signals that the Fed has not yet cut rates.


4. Oil:

  • XTI/USD: Short-term uptrend. Buying positions can be considered today. Daily support: 65.50


5. Crypto:

BTC is trading around 105,654 USD today, down slightly by 0.015% compared to the previous 24-hour close. During the session, BTC ranged between about 105,344 – 107,410 USD.


STRATEGY RECOMMENDATIONS

  1. GBP/USD

    • Trend: Uptrend

    • Recommendation: Buy at 1.37300, stop loss 1.37000, take profit 1.38285

  2. Vietnam stock: MBB

    • Recommendation: BUY MBB (July 2, 2025), entry price 25,700–26,100 VND, target 1: 28,000 VND, target 2: 30,000 VND, stop loss 24,800 VND


KEY EVENTS TODAY

8:30 AM

  • AUD
    Retail Sales m/m: 0.2% (actual), 0.3% (forecast), 0.0% (previous)

  • AUD
    Building Approvals m/m: 3.2% (actual), 4.2% (forecast), -4.1% (previous)

1:45 PM

  • EUR
    French Gov Budget Balance: -69.3B

2:00 PM

  • EUR
    Spanish Unemployment Change: -69.5K (actual), -57.8K (previous)

3:00 PM

  • EUR
    Italian Monthly Unemployment Rate: 6.0% (actual), 5.9% (previous)

4:00 PM

  • EUR
    Unemployment Rate: 6.2% (actual), 6.2% (forecast)

Tentative

  • EUR
    German 10-y Bond Auction: 2.54% | 2.7%

5:30 PM

  • GBP
    MPC Member Taylor Speaks

6:30 PM

  • USD
    Challenger Job Cuts y/y: 47.0%

7:15 PM

  • USD
    ADP Non-Farm Employment Change: 99K (actual), 37K (previous)

8:30 PM

  • CAD
    Manufacturing PMI: 46.1

9:15 PM

  • EUR
    ECB President Lagarde Speaks

9:30 PM

  • USD
    Crude Oil Inventories: -3.5M (actual), -5.8M (previous)

Tentative

  • USD
    RCM/TIPP Economic Optimism: 50.1 (actual), 49.2 (previous)


DISCLAIMER

 

  • The above analysis represents only the personal opinion of analyst Tony from Lotus and is not a basis for actual market participation.

  • Lotus only provides trading technical analysis and trading knowledge training for students.

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

  • Lotus does not manage students' funds.