ADP Payroll Insights, Carry Trade Shifts, Silver’s Fresh Highs, and the January Effect PREVIEW by davefairtex ADP payrolls stall, the yen carry trade collapses, and silver surges to new all-time highs while the January Effect gears up to ignite the next risk-on move. ADP Payroll Insights, Carry Trade Shifts, Silver’s Fresh Highs, and the January Effect PREVIEW by davefairtex ADP payrolls stall, the yen carry trade collapses, and silver surges to new all-time highs while the January Effect gears up to ignite the next risk-on move.