Turkish Lira meltdown & contagion fears

3 min read

Summer is usually a slow time for the financial markets with range bound moves specially in the Forex markets but all that seems set to change with the collapse that we saw in the Turkish Lira last week and the impending contagion concerns associated with it. I am a big believer in data driven cyclical factors in the global economy, but there is always a trigger which sets the wheel rolling for the next phase. Most of us still remember the Greek sovereign debt crisis which kicked off in 2010 following the financial markets meltdown of 2008-09. That one instance…...

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Faisal Khan Faisal is based in Canada with a background in Finance/Economics & Computers. He has been actively trading FOREX for the past 11 years. Faisal is also an active Stocks trader with a passion for everything Crypto. His enthusiasm & interest in learning new technologies has turned him into an avid Crypto/Blockchain & Fintech enthusiast. Currently working for a Mobile platform called Tradelike as the Senior Technical Analyst. His interest for writing has stayed with him all his life ever since started the first Internet magazine of Pakistan in 1998. He blogs regularly on Financial markets, trading strategies & Cryptocurrencies. Loves to travel.