{"id":3455,"date":"2025-12-23T17:58:05","date_gmt":"2025-12-23T06:58:05","guid":{"rendered":"https:\/\/www.amillex.com\/?p=3455"},"modified":"2025-12-23T18:38:05","modified_gmt":"2025-12-23T07:38:05","slug":"amillex-daily-market-commentary-falling-inflation-and-geopolitical-risks-coexist-us-stocks-recover-usd-fluctuates-gold-and-silver-hit-historical-peaks-and-energy-trends","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/fr\/2025\/12\/23\/amillex-daily-market-commentary-falling-inflation-and-geopolitical-risks-coexist-us-stocks-recover-usd-fluctuates-gold-and-silver-hit-historical-peaks-and-energy-trends\/","title":{"rendered":"Commentaire quotidien d&#039;Amillex sur les march\u00e9s | Coexistence d&#039;une inflation en baisse et de risques g\u00e9opolitiques ; reprise des actions am\u00e9ricaines, fluctuations du dollar, sommets historiques pour l&#039;or et l&#039;argent, et tendance haussi\u00e8re du secteur de l&#039;\u00e9nergie.\u00a0"},"content":{"rendered":"<p class=\"has-medium-font-size\"><strong>23 d\u00e9cembre 2025.<\/strong>&nbsp;Hier, tous les indices boursiers am\u00e9ricains ont cl\u00f4tur\u00e9 en hausse, bien que les gains soient rest\u00e9s modestes. L&#039;indice du dollar am\u00e9ricain est rest\u00e9 stable, oscillant entre 98 et 99, tandis que le march\u00e9 des changes a affich\u00e9 une divergence structurelle. Face \u00e0 l&#039;anticipation croissante d&#039;un assouplissement progressif de la politique mon\u00e9taire par la R\u00e9serve f\u00e9d\u00e9rale, les cours au comptant de l&#039;or et de l&#039;argent ont atteint de nouveaux sommets historiques, t\u00e9moignant d&#039;un afflux rapide de capitaux vers les m\u00e9taux pr\u00e9cieux dans un contexte d&#039;anticipation de nouvelles baisses des rendements du dollar. Parall\u00e8lement, les prix du p\u00e9trole ont montr\u00e9 des signes de reprise r\u00e9cente, aliment\u00e9s en partie par les primes de risque li\u00e9es aux tensions g\u00e9opolitiques au Venezuela et dans d&#039;autres r\u00e9gions, stimulant ainsi une reprise \u00e0 court terme du secteur \u00e9nerg\u00e9tique.&nbsp;<\/p>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-text-align-center has-medium-font-size\"><strong>Performance du march\u00e9 et analyse fondamentale par classe d&#039;actifs<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>1. March\u00e9 boursier am\u00e9ricain\u00a0: la reprise des indices se poursuit, tir\u00e9e par les secteurs technologique et financier.<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Performance de l&#039;indice :<\/strong>&nbsp;&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">L&#039;indice Dow Jones Industrial Average a l\u00e9g\u00e8rement progress\u00e9 de 0,47%, avec une performance stable dans les secteurs financier et industriel.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">L&#039;indice S&amp;P 500 a gagn\u00e9 0,64%, la meilleure performance parmi les trois principaux indices ; il approche des sommets historiques et est pr\u00eat pour une potentielle perc\u00e9e.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">L&#039;indice Nasdaq progresse l\u00e9g\u00e8rement de 0,52%, soutenu par les valeurs technologiques, poids lourds du secteur.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Focus sur les actions :<\/strong>&nbsp;L&#039;action NVIDIA (NVDA) a rompu sa tendance baissi\u00e8re \u00e0 court terme, cl\u00f4turant \u00e0 183,70 ($), soit une hausse d&#039;environ 1,5%. Le regain d&#039;int\u00e9r\u00eat pour l&#039;intelligence artificielle continue d&#039;attirer des flux de capitaux.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Facteurs d\u00e9terminants\u00a0:<\/strong>&nbsp;Les excellents r\u00e9sultats de Micron Technology la semaine derni\u00e8re et ses pr\u00e9visions pour l&#039;avenir ont globalement tir\u00e9 le secteur des semi-conducteurs vers le haut.&nbsp;<\/p>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\"><strong>2. March\u00e9 des changes\u00a0: le dollar am\u00e9ricain oscille \u00e0 des niveaux \u00e9lev\u00e9s, les autres devises divergent.<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">L&#039;indice du dollar am\u00e9ricain (DXY) a continu\u00e9 \u00e0 fluctuer avec une tendance \u00e0 la baisse, mais est rest\u00e9 en grande partie dans la fourchette 98-99\u00a0;\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">La paire EUR\/USD oscille actuellement au-dessus du niveau de 1,17, avec une faible volatilit\u00e9 due \u00e0 une liquidit\u00e9 r\u00e9duite en fin d&#039;ann\u00e9e\u00a0;\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">La paire USD\/JPY a connu un rebond technique, mettant fin \u00e0 sa r\u00e9cente s\u00e9rie de pertes ;\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">La paire GBP\/USD a fait preuve de r\u00e9silience, atteignant bri\u00e8vement pr\u00e8s de 1,348, son plus haut niveau en deux mois.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Logique de conduite :&nbsp;<\/strong>Le dollar am\u00e9ricain n&#039;a pas encore amorc\u00e9 une baisse de tendance. Si les volumes d&#039;\u00e9changes de fin d&#039;ann\u00e9e ont tendance \u00e0 resserrer les fourchettes de change, le march\u00e9 observe une divergence structurelle, notamment avec la hausse des valeurs refuges comme l&#039;or.&nbsp;<\/p>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\"><strong>3. M\u00e9taux pr\u00e9cieux et mati\u00e8res premi\u00e8res\u00a0: l\u2019or et l\u2019argent atteignent de nouveaux sommets\u00a0; les prix du p\u00e9trole flambent en raison des tensions g\u00e9opolitiques<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>M\u00e9taux pr\u00e9cieux :&nbsp;<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">L&#039;or au comptant (XAUUSD), tir\u00e9 par le sentiment de risque g\u00e9opolitique, a bondi de 2,4% \u00e0 des niveaux \u00e9lev\u00e9s, rafra\u00eechissant fortement les sommets historiques.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">L&#039;argent au comptant (XAGUSD) a \u00e9galement grimp\u00e9 en fl\u00e8che vers de nouveaux sommets historiques, bondissant \u00e0 2,8% et approchant bri\u00e8vement $70\/once, surpassant l&#039;or.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Mati\u00e8res premi\u00e8res :&nbsp;<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">Le prix du p\u00e9trole brut WTI a d\u00e9pass\u00e9 les 21 000 TPB, sous l&#039;effet des risques li\u00e9s \u00e0 l&#039;offre.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size\"><strong>4. Actifs crypto\u00a0: Poursuite d\u2019un l\u00e9ger rebond dans un contexte de regain d\u2019app\u00e9tit pour le risque<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">Le Bitcoin (BTC) se n\u00e9gociant pr\u00e8s de $90 000, il a bri\u00e8vement franchi la barri\u00e8re psychologique avec une volatilit\u00e9 intraday d\u00e9passant 2% ;\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">Ethereum (ETH) a progress\u00e9 de concert, la volatilit\u00e9 restant \u00e0 des niveaux \u00e9lev\u00e9s.\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-medium-font-size\"><strong>5. Le th\u00e8me du jour<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">Rapport sur l&#039;emploi d&#039;ADP aux \u00c9tats-Unis\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">PIB du Canada en octobre (donn\u00e9es corrig\u00e9es des variations saisonni\u00e8res)\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">PIB r\u00e9el am\u00e9ricain du troisi\u00e8me trimestre (taux annualis\u00e9 en glissement trimestriel, r\u00e9vision)\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">Commandes de biens durables de base aux \u00c9tats-Unis en novembre (en glissement mensuel)\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">Commandes de biens durables aux \u00c9tats-Unis en novembre (moment par mois)\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">Indice des prix du PIB am\u00e9ricain au troisi\u00e8me trimestre (r\u00e9vision)\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">Indice de confiance des consommateurs am\u00e9ricains de d\u00e9cembre (CB)\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">Indice manufacturier am\u00e9ricain de la R\u00e9serve f\u00e9d\u00e9rale de Richmond (d\u00e9cembre)\u00a0<\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>December&nbsp;23, 2025.&nbsp;Yesterday,&nbsp;US stock indices closed higher across the board, though gains were modest. The US Dollar Index remained in a low-level oscillation (within the 98\u201399 range), while the foreign exchange market showed structural divergence. As market expectations for a gradual easing by the Federal Reserve rise, spot&nbsp;gold&nbsp;and silver prices both hit new historical highs,&nbsp;indicating&nbsp;a rapid [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":3453,"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-3455","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\/3455","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\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/comments?post=3455"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/3455\/revisions"}],"predecessor-version":[{"id":3456,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/3455\/revisions\/3456"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media\/3453"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media?parent=3455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/categories?post=3455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/tags?post=3455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}