العربية Azərbaycan Български 中文 Čeština English Français ქართული Deutsch Magyar हिन्दी Bahasa Indonesia ایرانی Italiano 日本語 한국어 Lietuvių Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Türkçe Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

InstaForex Bonuses

InstaForex Bonuses
Make a deposit
Money withdrawal
pay icon

European stocks were lower in early trade, reducing their weekly gain, as commodity companies followed drops in oil and metal prices. The Stoxx Europe 600 Index was down 0.4 percent.

Miners retreated for the second day, after hitting their highest level since 2014. Banks and automakers also fell. The pan-European benchmark declined on Thursday for the first time in eight sessions, breaking its longest rally in 19 months. The sentiment of analysts have mostly been upbeat about European equities after the Stoxx 600 posted its highest close since December 2015 in the week.

Allianz SE advanced 2.8 percent after the Europe's biggest insurance company proposed spending three billion euros on purchasing back its own shares after reporting a higher than expected profit growth. Shares of Royal Vopak NV plunged nine percent, the biggest decliner of the Stoxx 600, following its announcement that this year's earnings will not surpass 2016's figures.

Volkswagen AG led losses in automakers, off by 2.3 percent after global sales of its own brand vehicles declined in January. Stoxx 600 banks are on track for the fifth consecutive monthly gain, which will be the longest winning streak in three years.

Related news

2017.11.20 06:59:00 UTC+00

Oil Markets Muted ahead of OPEC Meeting

Oil markets were subdued on Monday as traders were cautious to take on new positions ahead of an OPEC meeting on November 30, when the producer cartel is anticipated to announce its decision whether to extend production cuts aimed at bolstering prices.

Brent crude futures traded at $62.56 per barrel fell 16 cents or 0.3 percent lower from their last settlement. U.S. WTI crude futures stood at $56.59 per barrel, 4 cents or 0.1 percent higher from their last close.

Traders said they were refraining from taking on large new positions due to the prevalent uncertainty in markets.

OPEC, along with a group of non-OPEC producers has been limiting production since the beginning of this year in a push to curb a global supply overhang and bolster prices. The agreement to reign in output is due to end in March 2018, but OPEC will convene at the end of the month to hold talks regarding the prospects for the policy.

While OPEC is widely-expected to reach a consensus on an extension of the production cut as storage levels continue to be high despite of recent drawdowns, there are doubts regarding the willingness of some participants to continue the output restrictions.

The euro dropped to a two-month low versus the yen on Monday, as German Chancellor Angela Merkel's attempts to form a three-way coalition government failed.

Merkel, whose conservatives were weakened after they won an election in September with a reduced number of seats, said she would inform the German president that she could not form a coalition, after the pro-business Free Democrats (FDP) withdrew from talks.

The common currency fell in early Asian trade following the breakdown of the German coalition negotiations, but eventually trimmed some losses.

Against the Japanese yen, the euro was last off by 0.6 percent on the day at 131.43 yen. The euro briefly dropped to 131.16 yen, its lowest level since mid-September.

The common currency lost 0.5 percent versus the dollar to $1.1735, retreating from a one-month peak of $1.1862 market on Wednesday the previous week.

The euro's retreat helped lift the dollar to hold steady at 112.01, having set a one-month trough of 111.89 yen earlier on Monday.

The near-term focus will be on how European markets respond to the political developments in Germany, according to Satoshi Okagawa, senior global markets analyst for Sumitomo Mitsui Banking Corporation in Singapore.

Against the yen, the dollar was almost flat at 112.01, after earlier dropping as low as 111.89, its weakest since Oct. 16.

The dollar index, which tracks the U.S. currency versus a basket of six rival peers, gained 0.3 percent to 93.955.

Gold prices fell early on Monday on a firmer U.S. dollar, but remained near a one-month peak notched in the session earlier on uncertainty over progress on a potential overhaul of the U.S. tax code.

Spot gold slid 0.2 percent to $1,291.71 an ounce. On Friday, the precious metal bounced nearly 1.3 percent to record a one-month high of $1,297.

According to a senior White House aide, U.S. President Donald Trump would not insist on including a repeal of an Obama-era health insurance mandate in a bill intended to enact the largest overhaul of the tax code since the 1980s.

The dollar index, which tracks the greenback versus a basket of six major peers, added 0.3 percent.

Spot gold may retest resistance at $1,298 per ounce, a break above which could lead to a gain to the next resistance level at $1,309, according to Reuters technical analyst Wang Tao.

Hedge funds and money managers increased their net long positions in COMEX gold and silver contracts in the week to Nov. 14, data showed.

Among other precious metals, silver dropped 0.8 percent to $17.17 after notching a one-month peak of $17.373 in the session earlier.

Platinum pulled back from Friday's near-two month high of $954.30 and was 1.1 percent lower at $939.99. Palladium climbed 0.2 percent to $994.85 per ounce.


See also: Current support and resistance levels
EUR/USD
GBP/USD
USD/JPY
GBP/JPY
EUR/CHF
AUD/USD
Nov 20 at 17:06 UTC

Get $1000 STARTUP Bonus
Start trading without any investments and risks right now!
Enter your e-mail
Get $1000
Accept the terms of the Bonus Agreement
Get $1000 STARTUP Bonus
Start trading without any investments and risks right now!
Your full name
Phone number
Country
State
City
Link to your Facebook page
Skype

Your request for receiving $1000 bonus is being processed.

Please do not leave the website for 5 minutes to confirm you are not a robot.

When 5 minutes pass, your bonus account will be opened. While you are waiting, you can read useful information on our website.

We congratulate you on the registration of a trading account!
We are processing your request for the StartUp bonus. The confirmation of crediting the bonus will be sent to your email
Your trading account number (login) in InstaForex:
Trader password:
OR
Start trading.
WebTrader
MT4 for Android
MT4 for IOS
MT4 for Windows
Copy the trades of successful traders using the ForexCopy system:
Copy trades
Get bonus
55%
from InstaForex
on every deposit