US: Hiring intentions remained strong ahead of disruptions - Wells Fargo

Matías Salord FXStreet

According to analysts from Wells Fargo, hiring intentions remained strong in the United States ahead of the labor market disruptions that they expect to see due to recent hurricane activity.

Key Quotes:

“Upcoming labor market readings are expected to deteriorate due to Hurricanes Harvey and Irma hindering activity in recent weeks, but the JOLTS data indicate hiring intentions remained strong heading into the second half of the year. Job openings hit a fresh record high in July of 6.2 million.”

“After largely moving sideways in 2016 and early 2017, job openings are up 4.0 percent over the past year.”

“Job turnover ticked up in July with separations rising to 5.33 million. The mix of turnover improved with the rise stemming from more workers voluntarily leaving their job. The larger number of quits is associated with confidence in the labor market, but has yet to put meaningful pressure on wages. Turnover remains low relative to the degree of labor market tightness indicated by the vacancy rate and unemployment rate.”

Author

Matías Salord

FXStreet

Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.

AUD/USD eyes 0.7150 barrier nine-day EMA

AUD/USD inches higher after registering modest losses in the previous day, trading around 0.7130 during the Asian hours. The technical analysis of the daily chart indicates that the pair is moving sideways within the rectangle pattern, suggesting a consolidation as neither the bulls nor the bears have enough momentum to take control of the market.

USD/JPY trades below 160.00 intervention threshold; bullish bias intact

The USD/JPY pair attracts some sellers during the Asian session amid fears that authorities will step in again to prop up the Japanese Yen. Furthermore, the Israel-Lebanon truce prompts some profit-taking around the US Dollar and exerts downward pressure on the currency pair.

Gold defends 200-day SMA, rises toward $4,500

Gold is attempting a tepid recovery toward $4,500 on Thursday, as renewed optimism in the Mideast geopolitical front calms market nerves. This cautious optimism across Asian markets weighs on Oil prices, and diminishes the US Dollar’s safe-haven appeal, helping Gold stage a decent comeback from the weekly low of $4,424.

Hyperliquid: ETF demand, capital rotation fuel HYPE rally as Bitcoin melts

Hyperliquid price sustains an upward trend near its all-time high of $75.76 on Thursday after posting 80% gains in May, while Bitcoin (BTC) retraces below $65,000, triggering a market-wide panic.

Kevin Warsh takes the Fed helm: What it means for the US Dollar

The Federal Reserve moves away from the highly predictable "forward guidance" model of the Jerome Powell era to a new “Kevin Warsh environment”, characterized by less communication, more policy surprises, and an increased focus on the Fed's complex balance sheet.

Recession on paper: What really moves the Canadian Loonie now?

Statistics Canada handed the headline writers a gift and the analysts a headache. Real GDP shrank 0.1% on an annualized basis in the first quarter, and with the fourth quarter of 2025 revised down to a 1.0% contraction, that is two negative quarters in a row, the textbook definition of a technical recession and Canada's first since the pandemic.