The Traderszone Network

Given fears expressed by a number of major strategists on our show that the Fed made a policy mistake by waiting too long to hike rates, BofA Merrill Lynch’s Global Liquidity Tracker is going to be a very interesting chart to keep an eye on. In the past two economic cycles…

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The Reserve Bank of Australia left the cash rate on hold, as expected
The accompanying statement flagged some concerns, rightly so, China headwinds, other overseas issues. but, and again rightly so, it pointed to promising developments domestically – labour force growth, low inflation.

The plans are expected to be announced after Yahoo’s fourth-quarter results on Tuesday, the Journal reported, citing people familiar with the matter. A Yahoo spokeswoman said the company could not comment during its quiet period before releasing earnings. Activist investors have pressed Yahoo to sell its core business rather than spin it off, even though a sale would likely incur more taxes.

Chinese shares edges higher on Tuesday while the country’s central bank guided the yuan to its highest fix in almost a month as Beijing sought to keep markets calm heading into the Lunar New Year holidays. The gains recovered only part of Monday’s losses, incurred after official surveys of China’s manufacturing and services sectors disappointed and sent ripples of selling through markets globally. “The data suggest continued uncertainties and headwinds to the outlook,” wrote Shengzu Wang, an analyst at Barclays.

Travel insurance sales for trips to Latin America have surged as vacationers consider scrapping their plans to avoid the rapidly spreading Zika virus, one of the top U.S. providers, RoamRight, told Reuters on Monday. The Maryland-based company, part of insurer Arch Capital Group Ltd (ACGL.O), said revenue jumped 81 percent in January from a year ago for its “Cancel For Any Reason” policy covering trips to Zika-impacted areas in the Americas.

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Texas Sen. Ted Cruz is projected to defeat national front-runner Donald Trump to win the GOP’s Iowa caucus, according to NBC News.

As expected the Reserve Bank of Australia has left the official cash rate target unchanged at 2%
I’ll get the pertinent comments from Glenn Stevens’ accompanying Statement up ASAP, and the link to the full text