Boost from global trade

Release Time: 10:00 AM, July 24, 2025

Issued by: Ms. Jenny

MARKET OVERVIEW

Stock Market:

Vietnam Market: The market continued to rise but showed signs of cooling down around the 1,520-point zone due to short-term profit-taking pressure, although increased liquidity indicates continued cash inflow support. The sideways trend is expected to persist in the next session; however, with the current upward trend and buying momentum, the market still has a chance to rebound on corrections.
US Market: The US market continued its rally on July 23 as all three major indexes posted strong gains, with the S&P 500 reaching 6,358.91 points (+0.78%) and the Nasdaq hitting a new high at 21,020.02 points (+0.61%). The boost came from news of a trade agreement between the US and Japan to reduce auto tariffs, along with expectations of expansion to the EU, which pushed cash flows into industrial and technology stocks. Market sentiment remained optimistic with high liquidity and a sharp drop in the VIX, while investors await earnings reports from major companies like Tesla and Alphabet.

Forex

EUR/USD is in an uptrend; long positions may be considered. Daily support: 1.17500
USD/JPY is in a downtrend; short positions may be considered. Daily resistance: 146.500

Gold:

Gold is trading in the 3,380–3,390 USD/oz range, stable with no major volatility—supported by a weaker USD and low bond yields.

Oil:

XTI/USD short-term uptrend, long positions may be considered. Daily support: 60.00

Crypto:

BTC is undergoing a mild correction but still holds near 119k USD, reflecting continued positive market sentiment and a sustained medium-term uptrend.

TRADE OUTLOOK