Silver price (XAG/USD) continues to trade sideways near $21.00 as the United States Automatic Data Processing (ADP) has reported that new private payr
In September, fresh payrolls halved to 89K, against August’s reading of 180k.Automatic Data Processing has reported that new private payrolls in September were almost half of the additions in August. Fresh payrolls were 89K, significantly lower than expectations of 153k and the former reading of 180k.
The US Dollar Index corrects sharply to near 106.60 from an 11-month high of 107.20 and is expected to remain volatile as the US Institute of Supply Management Services PMI for September is due at 14:00 GMT. The US ISM is expected to report the Services PMI for September at 53.6, lower than the August reading of 54.5. The Services PMI data carries a significant impact on thepattern on a daily scale, which results in a vertical sell-off.
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