Whilst most of the commodity markets took a hit, the gold price maintained some stability as prices stayed well above the $1,150 level. The Dollar Index hit year highs as currency traders moved out of the Euro and in to the Dollar, and this has helped curb the move up for gold, but there is plenty of data coming up to ensure that gold remains volatile.

Market News

1. Aussie business confidence fell for a second consecutive month in April according to the NAB
2. Euro traders should note that we have CPI data tomorrow, and GDP on Wednesday

ODL Securities Limited is authorised and regulated by the Financial Service Authority. Member of the London Stock Exchange. Member of Euronext.LIFFE. This email does not have any contractual effect; however, trading spot oil contracts or foreign exchange (forex or FX) carries a high level of risk to your capital. Only speculate with money you can afford to lose. Spot oil & FX may not be suitable for all investors therefore ensure you fully understand the risks involved. Do not invest in spot oil, forex or derivatives with money you cannot afford to lose. An investment in spot oil, forex and derivatives carries a high degree of risk to the investor and due to fluctuations in value the investor may not get back the amount invested. With certain transactions clients might not only lose their initial investment but may incur a liability to pay further unspecified amounts at a later date.