The US import prices climbed by 0.2% in June from the previous month following the increase in fuel prices.
This is the fourth consecutive month in which the imports prices have increased.

Japan cuts its growth and inflation.

The annual GDP (fiscal year that starts in April) is expected to be only 0.9% – compared with a previous forecast of 1.7%.
The inflation is expected to be only 0.4% – compared with the previous forecast of 1.2%.

For the first time in 7 years: Analysts expect UK interest rate cut

Tomorrow (Thursday) at 12:00 the British central bank will deliver his first interest rate announcement since his dramatic decision to leave the EU.
UK interest rate remains at 0.5% since March 2009.

Most companies plan to reduce their investments in the UK

Unpleasant economic news for Britain: from a poll conducted by Credit Suisse show that two-thirds of companies said that they are planning to postpone or reduce their investments in the UK in wake of the decision of Britain to quit the EU.

USD/JPY

On a weekly chart we can see that 4 weeks ago the pair broke down a support area, around the level of 105.00.

So far this week, the pair went up to retest what was a support area and now should act as a resistance.

On 4 hours chart we can see a closer look of this move and how so far the level of 105.00 is acting as a strong resistance.

There is a bearish divergence at the histogram of the MACD, the last height of the histogram is higher than the previews ones together with the average of the RSI at an overbought level of 80.

For Forex traders:
Sell between the levels of : 105.00 – 104.30.
Stop loss point : 105.50.
Take profit point : 98.00.

For Binary options traders:
A put option between the levels of : 105.00 – 104.30.
Expiry time : August 30

The finance ministers of the Euro zone warned that a prolonged period of uncertainty about the future of the EU’s relationship with Britain is a major economic risk.

Wall Street stock markets are expected to open with a positive trend, following a better than expected opening of the US quarterly earnings season.
Also there are positive expectations from the appointment of Theresa May to be the new prime minister of the United Kingdom.
The expectations is that her appointment will help to stabilize the local economy following the surprising decision of the UK last month to withdraw from the EU.

The annual inflation rate in Germany has accelerated in June, but remained well below the target of the European Central Bank.
German CPI rose by 0.1% compared to May, and by 0.2% compared to June.

Wall Street closed with gains, the S&P 500 climbed to a record high

The trading day on Wall Street ended yesterday with rising prices,in view of a significant positive trend in European stock markets which posted sharp gains, and at the background of a positive day in the markets of Asia.
The S&P jumped yesterday to a record high and reached the price level of 2142 points.

Wall Street stock markets opened the trading day with rising prices and the S&P 500 is at a nominal record of all time.
The positive trend is due to the strong employment report published by the federal government on Friday, pointing on an addition of 287 thousand jobs in June.