Markets

JDE Peet’s is the largest IPO that’s been filed in the region this year, followed by the March flotation of Saudi eponymous health care company in Tadawul for $699 million.Coffee company JDE Peet’s Coffee IPO drew strong investor interest as the company opened its books on Tuesday, at the Euronext stock exchange in Amsterdam.This is the early evidence of booming demand for an issue that aims to raise 2.3 billion euros ($2.5 billion) and encourage an IPO market that, due to coronavirus...

Auto manufacturing giant Daimler plans to invest $480 million in Farasis IPO to produce batteries for use in electric cars. DAI stock is up today.Investment prospects for many companies are downtrending owing to the global financial distress that the world is plunging into during this COVID-19 pandemic era. However, auto giant corporation Daimler AG (ETR: DAI) stock is rising as the company plans to invest in Chinese battery maker Farasis Initial Public Offering (IPO) valued at $480 million....

The price is slowly breaking away from a 2-month channel as bullish action holds.While Chainlink struggles below the key resistance level, the price is currently looking indecisive on the daily chart.LINK/USD: Chainlink Remains In A Tight RangeKey Resistance Levels: $4.3, $4.5, $4.9Key Support Levels: $3.3, $3, $2.52LINK/USD. Source: TradingViewChainlink continued to maintain a sideways movement for the past weeks, leaving the market in an indecisive stage. The price failed to resume its...

Tron price is facing a couple of key hurdles near the $0.0150 and $0.0154 levels against the US Dollar.TRX price could start a fresh rally if it breaks the $0.0154 resistance zone in the near term.There is a major contracting triangle forming with resistance near $0.0150 on the 4-hours chart (data feed via Bitfinex).The price might decline steadily as long as it is below the $0.0154 resistance zone.TRON price is struggling to gain bullish momentum against the US Dollar, similar to bitcoin....

Ethereum price started a downside correction after it failed above $215 against the US Dollar.ETH price is currently trading nicely above the $195 and $200 support levels.There is a major contracting triangle forming with resistance near $207 on the 4-hours chart (data feed from Coinbase).The pair is likely to rally again above $210 as long as it is trading above the $195 support zone.Ethereum price is showing a lot of positive signs above $195 against the US Dollar. ETH/USD must surpass the...

Zilliqa (ZIL) gained almost 35% in the past 24 hours, marking a delayed reaction for a coin, which was subject to some increased attention over the previous weekend.First, cryptocurrency exchange Binance announced it would be listing a ZIL/BUSD trading pair on Friday, May 22.Then, Zilliqa received a begrudged mention from Ethereum co-founder Vitalik Buterin on Twitter. Buterin declared that Zilliqa – like Ethereum – has a lot of room to succeed and prosper in the future.Zilliqa’s Delayed 35%...

Crypto trading can be a risky venture. That’s why it’s a good idea to rely on trustworthy trading firms that have rich experience in managing money and making big investment decisions.One of the major reasons why many conventional, as well as amateur investors, hold a skeptical position about cryptocurrency trading is its volatility. Five to twenty percent dips and surges are unusually common and if you are not cautious, a single trade can wipe off a substantial amount of your wealth. It’s...

Ripple’s Xumm banking app that will be soon available for mass adoption is more than an ordinary digital asset wallet as it offers a wide array of functionalities both to retailers and developers.In its pace to widen and strengthen XRP utility, Ripple Labs announced that its Xumm banking app will soon be ready for mass adoption. After releasing the XRP first-quarter report, Ripple announced that it will significantly cut its periodic XRP sales to focus on the asset utility. True to its word,...

Despite losing 4% today, Cardano is showing a lot of strength against the Bitcoin.The price is still in favor of the bulls on a short-term perspective.Bears may take over the market if the price drops below the diagonal support on the 4-hours chart.ADA/USD: Cardano Holds Above $0.05 SupportKey Resistance Levels: $0.0577, $0.06, $0.065Key Support Levels: $0.047, $0.041, $0.0372ADA/USD. Source: TradingViewCardano lost 4% over the past hours following a 7-days capitulation to reach $0.05...

Activision Blizzard (ATVI) stock attracts investors and its price may go up as “Call Of Duty: Modern Warfare” is the best-selling game in 2020 so far.Amid coronavirus pandemic, economic crisis and the global lockdown, the latter had tremendous consequences on the gaming sector. And by the consequences, we mean the good one. Gaming stocks are having a great year. The VanEck Vectors Video Gaming and eSports ETF (ESPO), which tracks 25 stocks central to those industries, has jumped more than 23%...