In this report I cover the successful launch of the yuan oil futures contract at the Shanghai International Energy Exchange. The PetroYuan futures traded over 40'000 lots or contracts on its first day. I have noted in the past how this new yuan denominated contract will pose a threat to the petrodollar's dominance since the middle 1970s.
I also cover the early market action from London on Monday, March 26th, 2018. I note that after a rough week for the stock market the Dow, S & P and Nasdaq futures are trading up over 1% prior to the U.S. regular hour trading session. I note that the markets should remain very volatile and that a lot could happen later on in the day.
"What March 26th, 2018 Will Mean to the Petrodollar": https://steemit.com/market/@maneco64/77asjnvv