{"id":3590,"date":"2026-01-09T14:23:34","date_gmt":"2026-01-09T03:23:34","guid":{"rendered":"https:\/\/www.amillex.com\/?p=3590"},"modified":"2026-01-09T14:23:35","modified_gmt":"2026-01-09T03:23:35","slug":"amillex-daily-market-commentary-on-the-eve-of-key-employment-data-markets-enter-the-calm-before-the-storm","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/fr\/2026\/01\/09\/amillex-daily-market-commentary-on-the-eve-of-key-employment-data-markets-enter-the-calm-before-the-storm\/","title":{"rendered":"Commentaire quotidien d&#039;Amillex sur les march\u00e9s | \u00c0 la veille de la publication de donn\u00e9es cl\u00e9s sur l&#039;emploi, les march\u00e9s entrent dans le \u00ab calme avant la temp\u00eate \u00bb\u00a0"},"content":{"rendered":"<p class=\"has-black-color has-text-color has-link-color wp-elements-0d7f34a306244aefba42316e78feb9bc\" style=\"font-size:18px\">Le 9 janvier 2026, avant la publication des chiffres de l&#039;emploi non agricole am\u00e9ricain, les march\u00e9s financiers mondiaux ont entam\u00e9 une phase de ralentissement prudente. Les investisseurs, apr\u00e8s avoir adopt\u00e9 une strat\u00e9gie agressive en ce d\u00e9but d&#039;ann\u00e9e, ont opt\u00e9 pour une attitude plus d\u00e9fensive et attentive, entra\u00eenant une baisse g\u00e9n\u00e9rale de l&#039;app\u00e9tit pour le risque. Les actifs risqu\u00e9s se sont g\u00e9n\u00e9ralement consolid\u00e9s \u00e0 des niveaux \u00e9lev\u00e9s, tandis que les sch\u00e9mas de volatilit\u00e9 \u00e9voluaient, les march\u00e9s r\u00e9\u00e9valuant les principales variables macro\u00e9conomiques. L&#039;argent, en particulier, a connu une forte volatilit\u00e9 \u00e0 court terme, chutant brutalement de $82,6 \u00e0 environ $75,5. Ce repli refl\u00e9tait \u00e0 la fois des corrections techniques d\u00e9clench\u00e9es par les prix \u00e9lev\u00e9s et un apaisement des craintes li\u00e9es \u00e0 d&#039;\u00e9ventuels droits de douane am\u00e9ricains sur les importations d&#039;argent, susceptibles de perturber les cha\u00eenes d&#039;approvisionnement mondiales. Le sentiment de march\u00e9 est rapidement pass\u00e9 d&#039;une dynamique d&#039;achats unilat\u00e9raux \u00e0 un r\u00e9\u00e9quilibrage actif, cr\u00e9ant un climat d&#039;accalmie avant la temp\u00eate\u00a0: une stabilit\u00e9 apparente dissimulant une turbulence sous-jacente.&nbsp;<\/p>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-text-align-center has-black-color has-text-color has-link-color has-medium-font-size wp-elements-a5ef2a4f01907fe5edbe0a58be24befe\"><strong>Analyse fondamentale et de la performance des march\u00e9s multi-actifs&nbsp;<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-e0fb6e03692e470c34e4224d0d399606\" style=\"font-size:18px\"><strong>1. March\u00e9s boursiers am\u00e9ricains&nbsp;&nbsp;<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-c6fc8ae895745b83dea2af601838a92d\" style=\"font-size:18px\"><strong>Performance de l&#039;indice<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-9f433b2b25fab53713c9cc1e5b783a1c\" style=\"font-size:18px\"><strong>Indice Dow Jones\u00a0:<\/strong>\u00a0L&#039;indice a cl\u00f4tur\u00e9 \u00e0 49\u00a0000 points, en baisse de 0,941\u00a0TP3T sur la journ\u00e9e. La prudence du march\u00e9 avant la publication des donn\u00e9es non agricoles a pes\u00e9 sur l&#039;indice.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-d23f8a3c6cc4e0ddbf36e25221d1e409\" style=\"font-size:18px\"><strong>S&amp;P 500\u00a0:<\/strong>\u00a0Cl\u00f4ture \u00e0 6\u00a0920, en recul par rapport au record historique d&#039;hier.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-9657b3e9c338de59f1ce183f485e04be\" style=\"font-size:18px\"><strong>Nasdaq\u00a0:<\/strong>\u00a0L&#039;indice a fait preuve d&#039;une relative r\u00e9silience, progressant l\u00e9g\u00e8rement de 0,161 TP3T pour atteindre 25\u00a0600. Malgr\u00e9 la faiblesse g\u00e9n\u00e9rale du secteur des semi-conducteurs, les g\u00e9ants du logiciel comme Alphabet (Google) ont \u00e9t\u00e9 soutenus par de solides pr\u00e9visions de flux de tr\u00e9sorerie provenant des applications d&#039;IA, ce qui a permis \u00e0 l&#039;indice de maintenir sa flexibilit\u00e9.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-c873acaf1d9efec0fd26d2b5a7a45390\" style=\"font-size:18px\"><strong>Points saillants de l&#039;action<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-154e463774646687076e50f7cef3b057\" style=\"font-size:18px\"><strong>Tesla (TSLA) :<\/strong>\u00a0Malgr\u00e9 les fluctuations g\u00e9n\u00e9rales du march\u00e9, Tesla a r\u00e9cemment oscill\u00e9 fortement entre $435 et $450.\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-220bf4c6d7cd776d45d20b7dddba75fb\" style=\"font-size:18px\"><strong>2. March\u00e9 des changes<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-5d5ec4b00cde5d99d72227aed7259e42\" style=\"font-size:18px\"><strong>Indice du dollar am\u00e9ricain (DXY) :<\/strong>\u00a0La hausse s&#039;est poursuivie, testant la r\u00e9sistance \u00e0 98,9, et se maintenant actuellement aux alentours de 98,85.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-e59200e078814985f2949863ac42f46f\" style=\"font-size:18px\"><strong>USD\/JPY :<\/strong>\u00a0Le niveau de 157 a \u00e9t\u00e9 franchi, avec une tendance baissi\u00e8re qui se propage ; actuellement autour de 157,15.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-03ab977c0bf528540c2a64d2361a0b5d\" style=\"font-size:18px\"><strong>EUR\/USD :<\/strong>\u00a0Les niveaux de support se sont d\u00e9plac\u00e9s vers le bas, exer\u00e7ant une pression autour de 1,16 ; actuellement proches de 1,1640.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-89ac9252876eb2d453036f0daaee855a\" style=\"font-size:18px\"><strong>R\u00e9sum\u00e9:<\/strong>&nbsp;Le march\u00e9 s&#039;attend g\u00e9n\u00e9ralement \u00e0 ce que la Fed mette en \u0153uvre au moins deux baisses de taux cette ann\u00e9e, mais le calendrier et le rythme exacts de cette politique restent tr\u00e8s incertains.&nbsp;<\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-ff6a8b443a8bd973ca90a6f1108af1cf\" style=\"font-size:18px\"><strong>3. M\u00e9taux pr\u00e9cieux et mati\u00e8res premi\u00e8res<\/strong>&nbsp;<\/p>\n\n\n\n<p style=\"font-size:18px\"><strong>M\u00e9taux pr\u00e9cieux<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-7125e048915853514d62574651a8a261\" style=\"font-size:18px\"><strong>Or au comptant (XAU\/USD) :<\/strong>\u00a0Le cours est rest\u00e9 stable jeudi, les march\u00e9s entrant dans une phase d&#039;attente avant la publication de donn\u00e9es cl\u00e9s, cl\u00f4turant autour de $4 452,64\/oz.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-d85971602f5d1ef72902f626d1b8a99a\" style=\"font-size:18px\"><strong>Argent au comptant (XAG\/USD) :<\/strong>\u00a0La volatilit\u00e9 a augment\u00e9 de mani\u00e8re significative, chutant fortement de 4,29% jeudi, cassant le support cl\u00e9 \u00e0 $77,05\/oz et testant l&#039;importante ligne de tendance haussi\u00e8re de $75.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-9475610fc825ef459f8fc74a4c4a5372\" style=\"font-size:18px\"><strong>mati\u00e8res premi\u00e8res<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-4ad84b28e20dc23a439ed592134ef5f6\" style=\"font-size:18px\"><strong>P\u00e9trole brut WTI :<\/strong>\u00a0Apr\u00e8s deux jours cons\u00e9cutifs de baisse, le p\u00e9trole a rebondi fortement jeudi, enregistrant une hausse de plus de 31\u00a0300 tonnes en une seule journ\u00e9e et cl\u00f4turant \u00e0 son plus haut niveau en deux semaines. Ce rebond \u00e0 court terme s&#039;explique principalement par une am\u00e9lioration des performances techniques et des achats \u00e0 bas prix, m\u00eame si le march\u00e9 reste tr\u00e8s attentif \u00e0 l&#039;\u00e9volution de la situation g\u00e9opolitique et \u00e0 la r\u00e9alisation effective de l&#039;offre.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-8637001e9bc449cb3d8ee54ea5dc76ee\" style=\"font-size:18px\"><strong>Conducteurs :<\/strong>&nbsp;Les march\u00e9s des m\u00e9taux pr\u00e9cieux sont principalement influenc\u00e9s par les ajustements de prix anticip\u00e9s avant la publication des donn\u00e9es non agricoles et des pr\u00e9visions de politique mon\u00e9taire de la Fed, tandis que les march\u00e9s de l&#039;\u00e9nergie continuent de composer avec l&#039;incertitude li\u00e9e \u00e0 l&#039;offre et la reprise de la demande \u00e0 court terme. La volatilit\u00e9 crois\u00e9e des diff\u00e9rentes classes d&#039;actifs a progress\u00e9 de concert.&nbsp;<\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-12c00770b6c28c99a8bacb0264ec6e61\" style=\"font-size:18px\"><strong>4. Actifs crypto et dynamique macro\u00e9conomique<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-e5f57bb0983f02e3e2d2ff417f52049c\" style=\"font-size:18px\"><strong>Bitcoin (BTC) :<\/strong>\u00a0Le cours se n\u00e9gocie l\u00e9g\u00e8rement en dessous de $90\u00a0000, t\u00e9moignant d&#039;une certaine r\u00e9silience apr\u00e8s les r\u00e9centes pressions \u00e0 la vente. Le volume d&#039;\u00e9changes global reste \u00e9lev\u00e9, indiquant un repositionnement actif. La tendance \u00e0 court terme demeure en phase de consolidation, avec un solide support \u00e0 la baisse.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-63e4cce368bd3a951ee81aba50b4c9f5\" style=\"font-size:18px\"><strong>Ethereum (ETH\/USD) :<\/strong>\u00a0Soutenu par une accumulation significative d&#039;entreprises et un regain d&#039;int\u00e9r\u00eat institutionnel, le cours se maintient au-dessus de $3\u00a0100. L&#039;attention et l&#039;activit\u00e9 du march\u00e9 concernant l&#039;ETH restent \u00e9lev\u00e9es, avec une volatilit\u00e9 \u00e0 court terme ma\u00eetrisable.\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-ca21d189b01f3686ab1ab7a9a1f60f4e\" style=\"font-size:18px\"><strong>5. Le th\u00e8me du jour<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-51e8b757eef93641149ba4540f3fc3cf\" style=\"font-size:18px\">Changement d&#039;emploi au Canada en d\u00e9cembre\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-138b71f6a3f3e517ee1a856ab450b675\" style=\"font-size:18px\">Taux de ch\u00f4mage au Canada en d\u00e9cembre\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-86e3e49fe6c48fc06939329313c37357\" style=\"font-size:18px\">Salaire horaire moyen aux \u00c9tats-Unis en d\u00e9cembre (mois par mois)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-d44bea22a36be19c5ccac2d65220d18b\" style=\"font-size:18px\">Emplois non agricoles aux \u00c9tats-Unis en d\u00e9cembre (donn\u00e9es corrig\u00e9es des variations saisonni\u00e8res)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-327f546f7f93abb7e67c84504a5d84f4\" style=\"font-size:18px\">Taux de ch\u00f4mage aux \u00c9tats-Unis en d\u00e9cembre\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-dffaa7109d9ec446a852bc8a79f04c9c\" style=\"font-size:18px\">Indice de confiance des consommateurs de l&#039;Universit\u00e9 du Michigan (janvier, donn\u00e9es pr\u00e9liminaires)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-7091e877aaf9e4af60d1e50c846a87cd\" style=\"font-size:18px\">Pr\u00e9visions d&#039;inflation \u00e0 un an (janvier) de l&#039;Universit\u00e9 du Michigan (\u00c9tats-Unis) (donn\u00e9es pr\u00e9liminaires)\u00a0<\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>On January 9, 2026, ahead of the U.S. nonfarm payroll release, global financial markets entered a cautious \u201cslowdown mode.\u201d Investors shifted from aggressive, year-start positioning to a more defensive and observant stance, causing overall&nbsp;risk&nbsp;appetite to decline. Risk assets were generally&nbsp;consolidating&nbsp;at&nbsp;high levels, with volatility patterns changing as markets began repricing key macroeconomic variables. Silver, in particular, [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":3588,"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-3590","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\/3590","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/comments?post=3590"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/3590\/revisions"}],"predecessor-version":[{"id":3591,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/3590\/revisions\/3591"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media\/3588"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media?parent=3590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/categories?post=3590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/tags?post=3590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}