Coming Up!Title text for next articleJoin ourTelegramgroupCryptocurrencyHomeTechnical AnalysisCalendar Economic CalendarLive ChartsNewEducationAbout ForexLiveContact UsMoreEconomic CalendarLive ChartsEducationSocial TradingCentral BanksLive QuotesForex OrdersSession WrapsForex ToolsForex JargonAbout ForexLiveMy PreferencesCompare FX BrokersCompare FX BrokersLive ChartsEducationSocial TradingCentral BanksLive QuotesForex OrdersSession WrapsForex ToolsForex JargonMy PreferencesGet the ForexLive NewsletterForexlive Americas FX news wrap: Dollar moves lower as Fed speak this week sinks in. PS All time high closes in US stocksFri 12 Jul 2019 21:02:28 GMTAuthor:Greg Michalowski4Forex news for NY trading on July 12, 2019.Major indices all close at record highs (and close at the highs for the day)CFTC Commitment of Traders: The GBP shorts increased and is the largest spec position of the majorsGold higher as USD falls.  WTI futures settle the day (and for the week) up $0.01 at $60.21Fed's Barkin: Inflation is low. That's a victory, not a defeat Baker Hughes oil rig count 784 versus 786 estimateStocks at all time highs. Earnings season starts next weekFed's Evans speaks to reporters: Low inflation, expectations show policy to restrictiveEuropean shares little changed to end the weekNY Fed GDP Nowcast remains unchanged at 1.5% in current weekTreasury Secretary Mnuchin: US may hit debt limit by early SeptemberFed's Evans: Labor market seems quite vibrant, but.....Labor Secretary Acosta resigns amid pressure from Epstein sex trafficking caseBank of Italy sees Italian GDP 0.1% this year, 0.8% in 2020 and 1% in 2021The art of the deal. Pres. Trump tweetingUS PPI final for June demand YoY 1.7% versus 1.6% estimateThe CHF is the strongest and the EUR is the weakest as NA traders enter for the dayIn other markets: Spot gold is trading up $11.36 or 0.80% at $1414.96.  The yelllow metal was helped by a lower USD.Technically, the price at the session lows,  stalled near the 100 hour MA support level, giving the buyers moreconfidence (and forcing the sellers to buy). See technical posthere.WTI crude oil future are trading at $60.26, up $.06 or 0.10%. The high todayreached $60.74. The low extended to $59.93. For the week, the price was up over 4.5% helped by a much larger than expected drawdown of inventories on Wednesday.  For a technical look at the pair CLICKHERE.The price of Bitcoin is trading up $447 at$11600 despite negative comments on cryptocurrencies from Pres. Trump.The major stock indices moved to new record highs just ahead of what is the start of the earnings calendar on Monday.    Moreover the S&P index closed above the 3000 level, after toying with the level on Wednesday and Thursday.  European shares closed mixed with the German Dax and UK FTSE down marginally. After two days of loads of Fedspeak that did not stop the market from expecting a Fed cut in July, today was a "digest the words" type of day.  That feeling, led to a slightly softer tone fo