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February 4th - Zhu Weidong, Deputy Director of the Central Financial and Economic Affairs Commission and Deputy Director of the Central Rural Work Leading Group, stated at a press conference held by the State Council Information Office on the 4th that this years focus will be on stabilizing farmers income from grain cultivation. The key is to coordinate the use of policies such as pricing, subsidies, and insurance, improve the income protection mechanism for grain farmers, and prevent farmers from suffering losses due to low grain prices. Regarding prices, the government will make good use of policy tools such as minimum purchase prices and target prices, coordinate market-oriented procurement and policy-based storage, and promote the maintenance of reasonable prices for important agricultural products such as grain. Regarding subsidies, the government will maintain the implementation of subsidies for arable land protection, corn and soybean producers, and rice, effectively implement subsidies for agricultural machinery purchases and applications, and encourage local governments to conduct pilot programs for interest subsidies on special loans for grain and oilseed planting, providing farmers with tangible financial support. Regarding insurance, the government will strengthen insurance coverage for rice, wheat, corn, and soybeans, support the development of local specialty agricultural product insurance, improve insurance claims efficiency, effectively prevent natural and market risks, and provide farmers with a "safety belt" for grain cultivation.Petronas, the Malaysian national oil company, has signed a 20-year liquefied natural gas (LNG) supply agreement with Qatar Energy.According to futures news on February 4th, for the week ending January 31st, Japanese commercial crude oil inventories increased by 654,790 kiloliters from the previous week to 9,905,950 kiloliters. Japanese gasoline inventories decreased by 23,192 kiloliters from the previous week to 1,695,734 kiloliters. Japanese kerosene inventories decreased by 126,993 kiloliters from the previous week to 1,803,582 kiloliters. The average operating rate of Japanese refineries was 87.7%, compared to 91.1% the previous week.February 4th - According to Sensor Towers store intelligence platform, 36 Chinese companies were among the top 100 global mobile game publishers in terms of revenue in January 2026, generating a total of $2.18 billion, accounting for 37.8% of the total revenue of the top 100 global mobile game publishers in that period. Tencent, thanks to the strong performance of its flagship products such as "Honor of Kings" and "Peacekeeper Elite," saw its mobile game revenue increase by 43% month-on-month, firmly retaining its title as the worlds highest-grossing mobile game publisher.On February 4th, Lazard CEO Peter Orszag stated at the "Wall Street Journal Invest Live" event that the Federal Reserve may not have cut interest rates at the end of last year. While the market generally believes inflation is declining, he expects inflation to unexpectedly rise this year. He added that artificial intelligence and high-income consumers could boost US economic growth, describing this momentum as "fragile but strong." He also pointed out that most of the impact of tariffs has not yet materialized, which could also push up inflation. He believes the Fed has fallen behind the curve and should not have cut rates at the end of last year. "If we are right," he said, "all of this has only further exacerbated inflation, led to further depreciation of the dollar, and steepened the yield curve."

With RBA policy in the forefront, AUD/NZD sustains a weekly low at 1.0900

Daniel Rogers

Aug 01, 2022 12:16

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After dropping near to a crucial support level of 1.0900 during the Asian trading session, the AUD/NZD pair has since recovered considerably. Several offers have been submitted for the asset, and a purchase response is in the process. Strong purchase activity typically indicates that consumers thought the underlying product was a wise investment.

 

The cross is turning upwards as investors prepare for forceful words from the Reserve Bank of Australia (RBA). For the third time in a row, RBA Governor Philip Lowe is expected to increase the Official Cash Rate (OCR) by 50 basis points (bps). Australia's inflation rate has increased to 6,1% as of the second quarter of CY2022, which has led to increased pricing pressure. Since the prices of commodities like oil and food continue to fluctuate, the inflation rate has not yet run out of room to rise.

 

In today's session, the release of the Caixin Manufacturing PMI data is quite important. The economic data is predicted to register at 51.5, slightly below the prior level of 51.7. A reduction in Chinese industrial activities will have an impact on the antarctic because Australia is China's main trading partner.

 

On the New Zealand front, kiwi bulls anticipate the release of employment numbers on Tuesday. According to projections, the jobless rate will drop from the previously reported 3.2 percent to 3.1 percent. In addition, the Employment Change may increase from the previous 0.1 percent to 0.4 percent.