Ras Al Khaimah, UAE (PRWEB) November 26, 2013
The research team of UAE based international research and private equity company, Grace Century, FZ LLC, publishes its annual predications relating to global assets, financial environments, and markets, prior to the start of the coming year. According to a Grace Century spokesperson, 2013’s predictions were very accurate with the exception of gold. Some of the insights included in the company’s popular annual report, which is available to Grace Century members only, include:
Global and Regional Financial Predications for the Banking Sector: With the preferential disparity between borrowing rates and the cost of capital, we continue to see an improving sector. Additional mergers are likely as assets and balance sheets continue to be fortified.
Global and Regional Financial Predications for Currency/Exchange Rates: Despite rising rates in 2013, we saw an overall weakening of the U.S. Dollar. Scott Wolf, Director of Research for Grace Century commented, “We see the U.S. Dollar weakening and U.S. rates rise. Again, we emphasize that this is against the norm and contrary to mainstream analysts. We said this last year and we were right. The weaker the dollar becomes, the less attractive dollar denominated aster class become. It’s all about identifying the dog and the tail (as in which one is wagging which).” Grace Century also expects the US Dollar to weaken against the main crosses of Euro/$ to $1.40-$1.45 and U.K Sterling to $1.70. “Look for an early surge in the Euro vs. the Yen to $1.40. According to Wolf, this should preempt a Stock market correction. Finally, a U.S.10 year bond target of 3.25%-3.5% seems possible.
Global and Regional Financial Predications for S
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