News

Release Time: 10:00 AM, June 4, 2025
Published by: Mr. Tony

MARKET OVERVIEW

1. Stock Market:

Vietnam Market:
The market continues to rise and is testing the resistance zone of 1,345 – 1,350 points with improving liquidity, indicating that capital flow is attempting to absorb profit-taking pressure. However, the uptrend has yet to show sufficient momentum to decisively break through resistance. The market is expected to continue testing this area in upcoming sessions. If buying power remains strong and liquidity holds, the previous uptrend could extend further.

U.S. Market:
U.S. stocks closed in the green, driven by gains in the tech sector, especially Nvidia and Broadcom, as investors grew optimistic about trade negotiations and positive economic data.

• S&P 500: +34.43 points (+0.58%) to 5,970.37

• Dow Jones: +214.16 points (+0.51%) to 42,519.64

2. Forex:

• EUR/USD: Downtrend. Selling opportunities may be considered today. Daily resistance: 1.14000

• USD/JPY: Uptrend. Buying opportunities may be considered today. Daily support: 143.400

3. Gold:

• Morning: $3,372/oz, up $10.4 from the previous night

• Afternoon: Slight decrease to $3,357.5/oz, down $14.9 from the morning
  Former President Trump signed an executive order to raise import taxes on steel and aluminum to 50%. Metal-related sectors are expected to benefit.

4. Oil:

• WTI/USD: Uptrend. Buying opportunities may be considered today. Daily support: 62.00

5. Crypto:

• BTC/USD is trading in the range of 105,400 – 105,900 USD.
  The crypto market is mostly green with gains across many altcoins. Bitcoin is still in an accumulation phase near recent highs. No clear breakout yet, but the outlook is “sideways to bullish”.

TRADING PLAN OUTLOOK

1. Vietnam Stocks:
VIB Recommendation: BUY VIB (June 4, 2025)

• Entry Price: 17,900 – 18,200 VND

• Target 1: 19,500 VND

• Target 2: 21,000 VND

• Stop Loss: 17,200 VND

• 

2. EUR/GBP:

• Trend: Recovery

• Buy Entry: 0.81245

• Stop Loss: 0.83625

• Take Profit: 0.85263

• 

KEY EVENTS TODAY

8:30 AM
AUD – Quarterly GDP (q/q)

• Actual: 0.2% | Forecast: 0.4% | Previous: 0.6%

7:15 PM
USD – ADP Non-Farm Employment Change

• Actual: 111K | Forecast: 62K

8:45 PM
CAD – Bank of Canada Rate Statement
CAD – Overnight Rate

• Actual: 2.75% | Forecast: 2.75%

9:00 PM
USD – ISM Services PMI

• Actual: 52.0 | Forecast: 51.6

9:30 PM
CAD – Bank of Canada Press Conference

DISCLAIMER

• The above analysis reflects the personal opinion of analyst Tony from Lotus and should not be considered as a basis for actual trading decisions.

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

• Lotus is not affiliated with any securities company or asset management firm.

• Lotus does not manage clients’ or students' funds.