*

Hitt og þetta 15. ágúst 2006

DJ MARKET TALK: Buy EUR/ISK Ahead Of Rate Hike?

A widely expected 50bp hike in Icelandic rates to 13.50% Wednesday could be disappointing given that last three hikes have been 75bp. This, along with technical indicators, suggests EUR/ISK is a good buy at 90.43, says Calyon. It recommends targeting a rise to 94.50, with a stop loss at 88.42. (NEH)