The Hong Kong manufacturing surprised to the upside, but remains deep in contractionary territory as protests weigh on all sectors of the economy. On the bright side, Australian retail sales managed to rebound from the previous month’s contraction. Silver was able to drift further to the upside as the global economy is slowing down faster than expected and recession fears are on the rise. How much more upside can bulls force and will Silver hit the key psychological 20.000 mark? Today’s fundamental analysis will explore price action in both directions.

Forex traders will await NFP data out of the US for September following the August disappointment. Expectations for an October interest rate cut by the Fed have soared after ISM data showed the worst reading in the manufacturing sector in ten years and the services sector posted its worst performance in three years. Will another NFP disappointment result in a global asset sell-off and cause a price spike in Silver? Follow the PaxForex Daily Fundamental Analysis and take the profitable side of this trade.