News

Release Time: 10:00 AM, May 29, 2025 Issuer: Mr. Leon

MARKET OVERVIEW

1. Stock Market:
   • Vietnam Market: The market crossed the 1,340-point threshold but traded cautiously with a Star candlestick pattern. Decreased liquidity indicates hesitation from both buyers and sellers around the resistance level. The sideways trading between 1,340–1,345 points may continue. However, with sustained cash flow support and the previous uptrend, the market still has a chance to break through resistance if it absorbs the selling pressure.
   • US Market: The US stock market saw a slight correction yesterday (May 28) after a series of gains, as investors turned cautious ahead of the Fed meeting minutes and Nvidia's earnings report. All three major indices fell by about 0.5–0.6%, signaling a return to a hesitant sentiment. The Fed minutes revealed concerns about inflation and the labor market, raising the possibility of the Fed maintaining a tighter stance for longer. Meanwhile, despite Nvidia reporting strong Q1 revenue, its growth outlook still made investors cautious. The market may continue to trade sideways in the short term, awaiting clearer economic signals.
2. Forex:
   • AUD/USD: Downward trend. Today, short positions may be entered. Daily resistance: 0.64300.
   • EUR/USD: Downward trend. Today, short positions may be entered. Daily resistance: 1.13000.
3. Gold:
   • Spot Gold Price: Trading around $3,257 USD/ounce, a sharp decrease of $83 USD from the peak of $3,340 USD/ounce in last night's trading session.
   • Reason for Price Decrease: Global gold prices continued to fall sharply from last night to early May 29, as US stocks weakened and the USD remained strong.
4. Oil:
   • XTI/USD: Trend is unclear. Trading is limited today.
5. Bitcoin:
   • BTC/VND Price: Approximately 2.859 billion VND/BTC, with a 24-hour high of 2.872 billion VND and a low of 2.812 billion VND.
   • Market Sentiment: Bitcoin continues to trade stably around the $108,000 USD mark, supported by the recovery of the cryptocurrency market and optimistic investor sentiment.

TRADING PLAN

• USD/CAD

  • Trend: BULLISH
  • Recommendation: Buy at 1.38513, Stop Loss: 1.38313, Take Profit: 1.38913
  • 

• AUD/USD

  • Trend: BEARISH
  • Recommendation: Sell at 0.64223, Stop Loss: 0.64652, Take Profit: 0.63526
  • 

KEY EVENTS TODAY

• 19:30 - USD: Unemployment Claims

DISCLAIMER

• The above analysis represents only the personal views of analyst Leon from Lotus and should not be considered a basis for actual market participation.
• Lotus solely provides technical trading analysis and trading knowledge training for students.
• Lotus does not represent any securities company or asset management company.
• Lotus does not manage student funds.