Moody’s downgrades China on debt concerns - Tip TV

Eddie Tofpik, Head of FX at ADMISI says Moody’s downgrade of China was a little surprising, but the negative impact on the markets was tempered somewhat by the upward revision of the outlook from negative to stable.

Tofpik adds, “The issue there is the huge amount of debt - Which is held internally”. Listen the full segment as Tofpik shares his outlook on EUR/USD, GBP/USD and Bitcoin. He is joined by Tip TV Presenter Zak Mir.

#Moody’s, #ratingsagency, #China, #debt, #macro, #markets, #trading, #investing, #fundamentals, #forex, #currencies, #EUR/USD, #GBP/USD, #Bitcoin, #virtualcurrencies, #stocks, #equities