News

Release Time: 10:00 AM, May 08, 2025

Publisher: Mr. Tony

MARKET OVERVIEW

1. Stock Market:

• Vietnam Market: The market quickly recovered to the 1,250-point zone with slightly lower liquidity, indicating reduced profit-taking pressure and sustained supportive cash flow. Although the upward momentum remains tentative, the Shooting Star candlestick signal is gradually being negated by supportive capital inflows, suggesting a potential move toward the 1,262–1,273-point zone—a convergence area of key moving averages.

• U.S. Market: U.S. stocks rose on May 7, 2025, after the Federal Reserve (Fed) kept interest rates unchanged, aligning with market expectations. The Dow Jones gained 0.7%, the S&P 500 rose 0.43%, and the Nasdaq advanced 0.27%. Investor sentiment was bolstered by optimism over U.S.-China trade talks and expectations of eased chip export restrictions. Fed Chair Jerome Powell emphasized the stability of the U.S. economy, stating that the Fed would continue monitoring conditions before making further policy decisions.

2. Forex:

• GBP/JPY shows an upward trend; today, long positions can be considered with daily support at 191.100.

3. Gold:

• Spot Gold: Trading at **3,370/oz∗∗,down3,370/oz∗∗,down25 from the previous session’s high of $3,395/oz.

• Reason for Decline: Gold prices dropped sharply after the Fed maintained interest rates, reducing the appeal of non-yielding assets like gold.

4. Oil:

• XTI/USD is in a short-term uptrend; today, long positions can be considered with daily support at 57.60.

5. Crypto:

• BTC/USD: Currently trading around $98,780, up 2.01% in the past 24 hours.

• Market Sentiment: Bitcoin continues its rally, surpassing $97,200, driven by the crypto market recovery and investor optimism.

TRADING PLAN & RECOMMENDATIONS

1. XPT/USD

   • Trend: Bullish

   • Recommendation: Buy at 973, stop loss at 936, take profit at 1000–1048.

   • 

2. Vietnamese Stock: TCB

   • Recommendation: BUY (May 8, 2025)

   • Entry Price: 26,600 – 27,100 VND

   • Target 1: 29,000 VND

   • Target 2: 31,000 VND

   • Stop Loss: 25,400 VND

   • 

KEY EVENTS TODAY

• 6:02 PM (GMT+7) – GBP (British Pound)

  • BOE Monetary Policy Report

  • Monetary Policy Summary

  • MPC Official Bank Rate Votes:

    • New Result: 0-1-8 (0 hike, 1 hold, 8 cut)

    • Previous: 0-9-0 (0 hike, 9 hold, 0 cut)

  • Official Bank Rate:

    • Actual: 4.25%

    • Forecast: 4.50% (Expected)

  • BOE Inflation Letter

• 7:30 PM (GMT+7) – USD (U.S. Dollar)

  • Unemployment Claims:

    • Actual: 231K

    • Forecast: 241K

  • Preliminary Nonfarm Productivity (QoQ):

    • Actual: -0.4%

    • Forecast: 1.5%

  • Preliminary Unit Labor Costs (QoQ):

    • Actual: 5.3%

    • Forecast: 2.2%

• 9:00 PM (GMT+7) – CAD (Canadian Dollar)

  • BOC Financial System Review Report

• 9:00 PM (GMT+7) – USD

  • Final Wholesale Inventories (MoM):

    • Actual: 0.5%

    • Forecast: 0.5%

• 9:30 PM (GMT+7) – USD

  • Natural Gas Storage

DISCLAIMER

• The analysis above represents the personal views of analyst Tony from Lotus and should not be considered as a basis for actual market participation.

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

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

• Lotus does not manage clients' funds.