All eyes are on precious metals as we head into Asia-Pacific trading, following the 5.3% drop in gold yesterday and 7.11% in silver. Will Asia buy the dip or will the selling continue?
Economic data and news won't be a big distraction, at least the scheduled variety. The lone indicator on the calendar is the September Japan trade balance report at 1950 ET or 8:50 am in Tokyo. The consensus is a surplus of 22.2 billion yen in a big recovery form 242B deficit in the August data.
There are no notable central bank speakers scheduled.
Eamonn is traveling for work this week and will be back Friday.
