{"id":3475,"date":"2025-12-26T14:00:53","date_gmt":"2025-12-26T03:00:53","guid":{"rendered":"https:\/\/www.amillex.com\/?p=3475"},"modified":"2025-12-29T11:51:33","modified_gmt":"2025-12-29T00:51:33","slug":"amillex-daily-market-commentary-thin-holiday-trading-sees-risk-assets-edge-higher-us-equities-and-precious-metals-scale-new-summits","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/fr\/2025\/12\/26\/amillex-daily-market-commentary-thin-holiday-trading-sees-risk-assets-edge-higher-us-equities-and-precious-metals-scale-new-summits\/","title":{"rendered":"Commentaire quotidien d&#039;Amillex sur les march\u00e9s | Faible volume d&#039;\u00e9changes pendant les f\u00eates\u00a0: les actifs \u00e0 risque progressent l\u00e9g\u00e8rement, les actions am\u00e9ricaines et les m\u00e9taux pr\u00e9cieux atteignent de nouveaux sommets\u00a0"},"content":{"rendered":"<p class=\"has-medium-font-size\"><strong>26 d\u00e9cembre 2025.\u00a0<\/strong>Au cours des s\u00e9ances de No\u00ebl et de la veille de No\u00ebl, les actions am\u00e9ricaines ont progress\u00e9, atteignant de nouveaux records de cl\u00f4ture malgr\u00e9 une faible liquidit\u00e9 en cette p\u00e9riode de fin d&#039;ann\u00e9e. Le S&amp;P 500, le Dow Jones et le Nasdaq ont tous enregistr\u00e9 des gains, profitant de la poursuite de l&#039;effet positif des f\u00eates de fin d&#039;ann\u00e9e. Parall\u00e8lement, les m\u00e9taux pr\u00e9cieux ont connu une volatilit\u00e9 exceptionnelle\u00a0; l&#039;or au comptant a bri\u00e8vement franchi la barre des 4\u00a0500\u00a0$\/oz, tandis que l&#039;argent a d\u00e9pass\u00e9 les 72,7\u00a0$\/oz avant de se replier. Ces mouvements refl\u00e8tent la conjonction de facteurs\u00a0: incertitudes g\u00e9opolitiques, allocations importantes des investisseurs institutionnels et des banques centrales, et anticipation par le march\u00e9 de baisses de taux en 2026. La fermeture des march\u00e9s am\u00e9ricains le 25\u00a0d\u00e9cembre a accentu\u00e9 les fluctuations de prix li\u00e9es aux f\u00eates.\u00a0<\/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<\/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 gagn\u00e9 0,60% pour atteindre 48 731, marquant une cl\u00f4ture record mais ne parvenant pas \u00e0 \u00e9clipser le pic intraday du 12 d\u00e9cembre ;&nbsp;&nbsp;<\/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 prolong\u00e9 sa s\u00e9rie de victoires \u00e0 trois s\u00e9ances, progressant de 0,32% pour atteindre un nouveau sommet historique\u00a0;&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">L&#039;indice Nasdaq a l\u00e9g\u00e8rement progress\u00e9 de 0,22%, poursuivant sa consolidation au sein de sa r\u00e9cente fourchette de niveau \u00e9lev\u00e9.&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Focus sur les actions :<\/strong>&nbsp;Micron Technology (MU) a grimp\u00e9 de 3,8%, poursuivant sa s\u00e9rie de records avec une dynamique haussi\u00e8re soutenue.&nbsp;<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Facteurs d\u00e9terminants\u00a0:<\/strong>&nbsp;Le moral des investisseurs reste soutenu par la r\u00e9silience \u00e9conomique (comme en t\u00e9moignent les donn\u00e9es du PIB du troisi\u00e8me trimestre) et les anticipations saisonni\u00e8res de \u00ab\u00a0rallye de No\u00ebl\u00a0\u00bb. L\u2019\u00e9volution des cours confirme la conviction persistante du march\u00e9 quant au potentiel de l\u2019intelligence artificielle.&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 :<\/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) s&#039;est affaibli avant les f\u00eates, oscillant autour de la fourchette 97,9-98,0. L&#039;indice reste sous pression structurelle, les march\u00e9s anticipant un cycle d&#039;assouplissement mon\u00e9taire plus agressif pour 2026.&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">La paire EUR\/USD a oscill\u00e9 entre 1,177 et 1,18 avant les f\u00eates ; la tendance haussi\u00e8re structurelle reste intacte ;&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">USD\/JPY\u00a0: La ministre japonaise des Finances, Satsuki Katayama, a lanc\u00e9 des avertissements en d\u00e9but de semaine, freinant ainsi la d\u00e9pr\u00e9ciation du yen. La paire s&#039;est ensuite rapproch\u00e9e des 156.&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">La paire GBP\/USD a conserv\u00e9 sa relative vigueur gr\u00e2ce aux \u00e9carts de rendement par rapport \u00e0 la zone euro et \u00e0 la politique mon\u00e9taire de la Banque d&#039;Angleterre. Elle teste actuellement le niveau de 1,35, proche de ses r\u00e9cents sommets cycliques.&nbsp;&nbsp;<\/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>3. M\u00e9taux pr\u00e9cieux et mati\u00e8res premi\u00e8res<\/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\">Or au comptant (XAUUSD)\u00a0: La dynamique haussi\u00e8re a propuls\u00e9 les prix vers de nouveaux sommets, franchissant bri\u00e8vement le seuil psychologique des 4\u00a0500\u00a0$\/oz. Le double r\u00f4le de l\u2019or, \u00e0 la fois protection g\u00e9opolitique et rempart contre l\u2019inflation, est renforc\u00e9 par des anticipations de politique mon\u00e9taire accommodante \u00e0 long terme.&nbsp;&nbsp;<\/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 surperform\u00e9 l&#039;or en termes de gains en pourcentage avant un repli partiel. Les analystes attribuent ce repli \u00e0 des prises de b\u00e9n\u00e9fices suite \u00e0 la flamb\u00e9e des cours vers des sommets historiques.&nbsp;&nbsp;<\/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\">Les prix du p\u00e9trole brut WTI sont rest\u00e9s globalement stables, cl\u00f4turant l\u00e9g\u00e8rement en baisse de 0,171 TP3T, mettant fin \u00e0 une s\u00e9rie de trois jours de hausse.&nbsp;<\/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>4. Actifs crypto<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">Le Bitcoin (BTC) et l&#039;Ethereum (ETH) continuent tous deux \u00e0 se n\u00e9gocier dans une fourchette \u00e9troite et peu volatile \u00e0 des niveaux inf\u00e9rieurs, ne pr\u00e9sentant actuellement aucun catalyseur clair pour une perc\u00e9e.&nbsp;<\/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 has-medium-font-size\">\n<li class=\"has-medium-font-size\">Aucune donn\u00e9e \u00e9conomique majeure \u00e0 suivre aujourd&#039;hui.&nbsp;<\/li>\n<\/ul>\n\n\n\n<div style=\"height:60px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>","protected":false},"excerpt":{"rendered":"<p>December 26, 2025.\u00a0Reviewing the Christmas and Christmas Eve sessions, US equities drifted higher to notch new closing records amid thin year-end liquidity. The S&amp;P 500, Dow, and Nasdaq all posted gains as the &#8220;Santa Claus Rally&#8221; window remained open. Simultaneously, precious metals saw exceptional volatility; Spot Gold briefly cleared the $4,500\/oz handle, while Silver surged [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":3476,"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-3475","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\/3475","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=3475"}],"version-history":[{"count":3,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/3475\/revisions"}],"predecessor-version":[{"id":3480,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/3475\/revisions\/3480"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media\/3476"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media?parent=3475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/categories?post=3475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/tags?post=3475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}