{"id":3270,"date":"2025-11-28T18:29:59","date_gmt":"2025-11-28T07:29:59","guid":{"rendered":"https:\/\/www.amillex.com\/?p=3270"},"modified":"2025-12-23T19:31:58","modified_gmt":"2025-12-23T08:31:58","slug":"20251127en","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/fr\/2025\/11\/28\/20251127en\/","title":{"rendered":"Analyse quotidienne des march\u00e9s d'Amillex\u00a0: Le jour f\u00e9ri\u00e9 de Thanksgiving aux \u00c9tats-Unis freine l'activit\u00e9 boursi\u00e8re\u00a0; la faiblesse du dollar soutient l'or\u00a0; le budget britannique provoque de la volatilit\u00e9 dans la livre sterling\u00a0; le bitcoin rebondit au-dessus de $91\u00a0000."},"content":{"rendered":"
\n

28 novembre 2025 \u2014 Les march\u00e9s mondiaux ont affich\u00e9 une activit\u00e9 mod\u00e9r\u00e9e jeudi, la bourse am\u00e9ricaine restant ferm\u00e9e pour Thanksgiving. Les principaux actifs ont \u00e9volu\u00e9 de mani\u00e8re contrast\u00e9e\u00a0: l\u2019indice du dollar am\u00e9ricain a recul\u00e9 \u00e0 99,596, la livre sterling a bri\u00e8vement progress\u00e9 avant de se replier, l\u2019or au comptant est rest\u00e9 stable \u00e0 4\u00a0151\u00a0bits ($4\u00a0151), l\u2019argent a gagn\u00e9 0,71\u00a0T3\u00a0bits, le bitcoin a rebondi de 1,11\u00a0T3\u00a0bits \u00e0 91\u00a0208\u00a0bits ($91\u00a0208), tandis que le p\u00e9trole Brent a baiss\u00e9 de 0,21\u00a0T3\u00a0bits en raison des inqui\u00e9tudes persistantes concernant la demande.<\/h2>\n\n\n\n

1. Principaux mouvements du march\u00e9 et analyse fondamentale<\/h2>\n\n\n\n

1. March\u00e9 des changes : Le dollar s'affaiblit, la livre sterling fluctue fortement, les interventions verbales ne parviennent pas \u00e0 soutenir le yen.<\/h2>\n\n\n\n

Indice du dollar am\u00e9ricain\u00a0: a baiss\u00e9 de 0,07% \u00e0 99,596 alors que les anticipations de baisse des taux de la Fed pour d\u00e9cembre ont grimp\u00e9 \u00e0 85%, pesant sur le dollar.<\/h2>\n\n\n\n

GBP\u00a0: La livre sterling a bondi apr\u00e8s l\u2019annonce du budget d\u2019automne britannique, avant de se replier l\u00e9g\u00e8rement pour cl\u00f4turer \u00e0 1,3245. Le budget a r\u00e9v\u00e9l\u00e9 une marge de man\u0153uvre budg\u00e9taire en hausse \u00e0 22 milliards de livres sterling, mais la croissance du PIB en 2026 a \u00e9t\u00e9 fortement revue \u00e0 la baisse \u00e0 1\u00a0410 milliards de livres sterling. Morgan Stanley a not\u00e9 que les facteurs positifs pour la livre sterling \u00e9taient probablement d\u00e9j\u00e0 pleinement int\u00e9gr\u00e9s aux cours.<\/h2>\n\n\n\n

JPY\u00a0: Malgr\u00e9 l\u2019intervention verbale de la Premi\u00e8re ministre japonaise Sanae Takaichi, le yen est rest\u00e9 faible, cl\u00f4turant \u00e0 156,22 pour un dollar am\u00e9ricain.<\/h2>\n\n\n\n

Facteurs d\u00e9terminants\u00a0: Le Livre beige de la Fed a mis en \u00e9vidence les risques de stagnation de l\u2019\u00e9conomie am\u00e9ricaine, tandis que le budget britannique \u00e9tait moins expansionniste que pr\u00e9vu par les march\u00e9s.<\/h2>\n\n\n\n

2. M\u00e9taux pr\u00e9cieux\u00a0: l\u2019argent surperforme tandis que l\u2019or reste stable<\/h2>\n\n\n\n

Argent au comptant : en hausse de 0,71 TP3T \u00e0 $53,69 $\/oz<\/h2>\n\n\n\n

Or au comptant : en baisse de 0,05% \u00e0 $4\u00a0151,69\u00a0$\/oz<\/h2>\n\n\n\n

Principes fondamentaux :<\/h2>\n\n\n\n

Facteurs haussiers : Les anticipations croissantes d'une baisse des taux de la Fed en d\u00e9cembre (85%) font baisser les rendements r\u00e9els, soutenant les m\u00e9taux pr\u00e9cieux.<\/h2>\n\n\n\n

Analyse technique\u00a0: L\u2019or continue de se maintenir comme support cl\u00e9 \u00e0 $4,150, tandis que l\u2019argent b\u00e9n\u00e9ficie \u00e0 la fois de la demande industrielle et des flux vers les valeurs refuges.<\/h2>\n\n\n\n

3. Mati\u00e8res premi\u00e8res : Le p\u00e9trole sous pression en raison des inqui\u00e9tudes concernant la demande, le march\u00e9 attend l'OPEP+<\/h2>\n\n\n\n

Brent : en baisse de 0,2% \u00e0 $62,42\/baril, le WTI \u00e9tant \u00e9galement sous pression.<\/h2>\n\n\n\n

Principaux points n\u00e9gatifs\u00a0:<\/h2>\n\n\n\n

Pressions sur l'offre\u00a0: les stocks de p\u00e9trole brut de l'EIA am\u00e9ricaine ont augment\u00e9 de 2,77 millions de barils, au-dessus des pr\u00e9visions\u00a0; r\u00e9duction de la prime de risque g\u00e9opolitique gr\u00e2ce aux signaux de paix entre la Russie et l'Ukraine.<\/h2>\n\n\n\n

Inqui\u00e9tudes concernant la demande\u00a0: la faiblesse des indices PMI manufacturiers mondiaux p\u00e8se sur les perspectives de la demande. Les march\u00e9s attendent la r\u00e9union de l\u2019OPEP+ du 30\u00a0novembre sur la politique de production.<\/h2>\n\n\n\n

4. Crypto : Le Bitcoin rebondit au-dessus de 1%, mais les prises de b\u00e9n\u00e9fices sur LTH persistent.<\/h2>\n\n\n\n

Bitcoin : +1,1% \u00e0 $91\u00a0208<\/h2>\n\n\n\n

Ethereum : A \u00e9galement progress\u00e9.<\/h2>\n\n\n\n

Donn\u00e9es sur la cha\u00eene :<\/h2>\n\n\n\n

Les d\u00e9tenteurs \u00e0 long terme (LTH) ont vendu 800 000 BTC au cours des deux derni\u00e8res semaines, r\u00e9duisant l'offre \u00e0 long terme \u00e0 13,6 millions de BTC, un nouveau plus bas pour ce cycle.<\/h2>\n\n\n\n

5. March\u00e9s boursiers mondiaux : l'Asie progresse, l'Europe affiche une performance mitig\u00e9e ; le Nikkei gagne 1,21 %. TP3T<\/h2>\n\n\n\n

Nikkei 225 : +1,21 \u00e0 50\u00a0167<\/h2>\n\n\n\n

KOSPI : +0,7%<\/h2>\n\n\n\n

STOXX 50\u00a0: -0,14%<\/h2>\n\n\n\n

DAX : +0,16%<\/h2>\n\n\n\n

Contexte politique\u00a0:<\/h2>\n\n\n\n

La Banque du Japon maintient sa politique mon\u00e9taire accommodante, tandis que la faiblesse des donn\u00e9es de la zone euro (le sentiment industriel de novembre inf\u00e9rieur aux attentes) a limit\u00e9 les gains en Europe.<\/h2>\n\n\n\n

2. Le th\u00e8me du jour<\/h2>\n\n\n\n

Taux de ch\u00f4mage au Japon en octobre<\/h2>\n\n\n\n

France IPC pr\u00e9liminaire de novembre (MoM)<\/h2>\n\n\n\n

PIB du Canada en septembre (variation mensuelle)<\/h2>\n<\/blockquote>","protected":false},"excerpt":{"rendered":"

November 28, 2025 \u2014 Global markets were subdued on Thursday as the U.S. equity market remained closed for the Thanksgiving holiday. Major assets moved divergently: the U.S. Dollar Index slipped to 99.596, GBP briefly spiked before paring gains, spot gold held steady at $4,151, silver rose 0.7%, Bitcoin rebounded 1.1% to $91,208, while Brent crude […]<\/p>\n","protected":false},"author":4,"featured_media":3271,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[8],"tags":[],"class_list":["post-3270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news","entry","has-media"],"_links":{"self":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/3270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/comments?post=3270"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/3270\/revisions"}],"predecessor-version":[{"id":3272,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/3270\/revisions\/3272"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media\/3271"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media?parent=3270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/categories?post=3270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/tags?post=3270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}