{"id":3614,"date":"2026-01-14T18:16:29","date_gmt":"2026-01-14T07:16:29","guid":{"rendered":"https:\/\/www.amillex.com\/?p=3614"},"modified":"2026-01-14T18:16:30","modified_gmt":"2026-01-14T07:16:30","slug":"amillex-daily-market-commentary-market-volatility-increases-allocation-value-of-precious-metals-rebounds","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/fr\/2026\/01\/14\/amillex-daily-market-commentary-market-volatility-increases-allocation-value-of-precious-metals-rebounds\/","title":{"rendered":"Commentaire quotidien d&#039;Amillex sur les march\u00e9s | La volatilit\u00e9 des march\u00e9s augmente, la valeur d&#039;allocation des m\u00e9taux pr\u00e9cieux rebondit"},"content":{"rendered":"<p style=\"font-size:18px\">Le 14 janvier 2026, la volatilit\u00e9 des march\u00e9s financiers mondiaux s&#039;est accrue, entra\u00eenant un repli temporaire de l&#039;app\u00e9tit pour le risque et une plus grande prudence dans l&#039;allocation d&#039;actifs. Face \u00e0 une incertitude croissante, le sentiment de march\u00e9 s&#039;est orient\u00e9 vers la prudence, les capitaux se r\u00e9orientant vers des actifs moins volatils et plus stables. L&#039;indice du dollar am\u00e9ricain est rest\u00e9 faible, tandis que les m\u00e9taux pr\u00e9cieux ont continu\u00e9 \u00e0 surperformer. Le cours de l&#039;or au comptant s&#039;est maintenu au-dessus de 4\u00a0600\u00a0USD, confirmant son r\u00f4le d&#039;actif de diversification et de couverture. Sur le plan macro\u00e9conomique, les anticipations sont devenues plus conservatrices, l&#039;allocation d&#039;actifs montrant des signes plus nets d&#039;ajustement structurel, ce qui soutient l&#039;int\u00e9r\u00eat continu pour les actifs d\u00e9fensifs. Du c\u00f4t\u00e9 des donn\u00e9es \u00e9conomiques, l&#039;inflation est rest\u00e9e mod\u00e9r\u00e9e. L&#039;IPC de base a progress\u00e9 d&#039;environ 0,2\u00a0% en glissement mensuel, l\u00e9g\u00e8rement en dessous des pr\u00e9visions, tandis que le taux annuel s&#039;est maintenu aux alentours de 2,7\u00a0%, att\u00e9nuant les craintes d&#039;inflation \u00e0 court terme et offrant une plus grande marge de man\u0153uvre aux autorit\u00e9s de politique mon\u00e9taire.&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-medium-font-size\"><strong>Analyse fondamentale et de la performance des actifs<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>1. March\u00e9 des actions am\u00e9ricaines<\/strong>\u00a0<\/p>\n\n\n\n<p style=\"font-size:18px\"><strong>Performance de l&#039;indice<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:18px\"><strong>Indice Dow Jones\u00a0:<\/strong>\u00a0L&#039;indice a cl\u00f4tur\u00e9 aux alentours de 49\u00a0208 points. Apr\u00e8s avoir fr\u00f4l\u00e9 le seuil des 50\u00a0000 points, il a l\u00e9g\u00e8rement recul\u00e9, le march\u00e9 dig\u00e9rant l&#039;incertitude persistante quant \u00e0 la politique mon\u00e9taire \u00e0 long terme, aliment\u00e9e par les rumeurs selon lesquelles le pr\u00e9sident de la R\u00e9serve f\u00e9d\u00e9rale, Jerome Powell, ferait l&#039;objet d&#039;une enqu\u00eate.\u00a0<\/li>\n\n\n\n<li style=\"font-size:18px\"><strong>Indice S&amp;P 500\u00a0:\u00a0<\/strong>L&#039;indice a cl\u00f4tur\u00e9 aux alentours de 6\u00a0969 points. Malgr\u00e9 un l\u00e9ger repli par rapport au plus haut de la s\u00e9ance pr\u00e9c\u00e9dente, il est rest\u00e9 en territoire historiquement \u00e9lev\u00e9, l&#039;attention du march\u00e9 se portant d\u00e9sormais sur les r\u00e9sultats des banques attendus cette semaine (notamment Bank of America et Citigroup).\u00a0<\/li>\n\n\n\n<li style=\"font-size:18px\"><strong>Indice composite Nasdaq\u00a0:\u00a0<\/strong>L&#039;indice a cl\u00f4tur\u00e9 aux alentours de 25\u00a0900 points. Les valeurs technologiques ont affich\u00e9 une performance mitig\u00e9e. Malgr\u00e9 les pressions r\u00e9glementaires, la solidit\u00e9 des actifs li\u00e9s \u00e0 l&#039;IA a continu\u00e9 de soutenir l&#039;indice, qui s&#039;est consolid\u00e9 au-dessus des 25\u00a0800 points.\u00a0<\/li>\n<\/ul>\n\n\n\n<p style=\"font-size:18px\"><strong>Action en vedette :&nbsp;<\/strong>NVIDIA (NVDA)\u00a0: Apr\u00e8s que Google a atteint de nouveaux sommets, NVIDIA est redevenue la valeur boursi\u00e8re la plus importante. Le cours de l\u2019action se maintient \u00e0 un niveau \u00e9lev\u00e9 (environ 185,81\u00a0USD), pour une capitalisation boursi\u00e8re avoisinant les 4\u00a0500\u00a0milliards de dollars.&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-medium-font-size\">2<strong>March\u00e9 des changes<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:18px\"><strong>Indice du dollar am\u00e9ricain (DXY) :<\/strong>\u00a0Le dollar se n\u00e9gocie actuellement autour de 99,17. Apr\u00e8s sa r\u00e9cente faiblesse, il a connu un net rebond. Malgr\u00e9 les pressions de l&#039;administration Trump en faveur d&#039;une baisse des taux, les pr\u00e9visions d&#039;IPC pour d\u00e9cembre, publi\u00e9es mardi, confortent l&#039;id\u00e9e d&#039;un maintien prolong\u00e9 de taux d&#039;int\u00e9r\u00eat \u00e9lev\u00e9s.\u00a0<\/li>\n\n\n\n<li style=\"font-size:18px\"><strong>EUR\/USD :\u00a0<\/strong>\u00c0 1,1645. Le dollar s&#039;\u00e9tant redress\u00e9, l&#039;euro a effac\u00e9 les gains des s\u00e9ances pr\u00e9c\u00e9dentes. Les fondamentaux de la zone euro restent fragiles et les march\u00e9s suivent de pr\u00e8s les donn\u00e9es de croissance annuelle du PIB allemand (attendues \u00e0 -0,2%), ce qui limite le potentiel de hausse de l&#039;euro.\u00a0<\/li>\n\n\n\n<li style=\"font-size:18px\"><strong>USD\/JPY :<\/strong>\u00a0Le cours du yen s&#039;\u00e9tablit \u00e0 159,15. La pression \u00e0 la baisse sur le yen s&#039;est encore intensifi\u00e9e, la paire approchant le seuil de 160. L&#039;\u00e9cart important entre les taux d&#039;int\u00e9r\u00eat am\u00e9ricains et japonais demeure proche de ses plus hauts historiques, maintenant l&#039;activit\u00e9 des op\u00e9rations de portage sur le yen et les sorties de capitaux.\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-medium-font-size\"><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 style=\"font-size:18px\"><strong>Or au comptant (XAUUSD) :\u00a0<\/strong>Les cours de l&#039;or restent \u00e9lev\u00e9s et soutenus, se n\u00e9gociant autour de 4\u00a0600\u00a0USD. Bien que la forte hausse de 2\u00a0% enregistr\u00e9e lundi se soit interrompue, l&#039;or demeure dans un canal haussier historique, avec un support technique se situant aux alentours de 4\u00a0550\u00a0USD.\u00a0<\/li>\n\n\n\n<li style=\"font-size:18px\"><strong>Argent au comptant (XAGUSD) :<\/strong>\u00a0L&#039;argent se n\u00e9gocie autour de 87 dollars l&#039;once. Il continue de surperformer l&#039;or. Apr\u00e8s avoir franchi la barre des 84 dollars, il teste actuellement une forte r\u00e9sistance aux alentours de 86 dollars.\u00a0<\/li>\n<\/ul>\n\n\n\n<p style=\"font-size:18px\"><strong>mati\u00e8res premi\u00e8res<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:18px\"><strong>P\u00e9trole brut WTI :<\/strong>\u00a0Le prix du p\u00e9trole se situe actuellement autour de 61 dollars am\u00e9ricains le baril. Les anticipations d&#039;un resserrement potentiel de l&#039;offre sur le march\u00e9 de l&#039;\u00e9nergie se sont accrues, faisant grimper les prix au-dessus de la fourchette de consolidation pr\u00e9c\u00e9dente de 55 \u00e0 60 dollars am\u00e9ricains le baril.\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 style=\"font-size:20px\"><strong>4. Actifs crypto et&nbsp;<\/strong><strong>\u00c9volutions macro\u00e9conomiques<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:18px\"><strong>Bitcoin (BTC) :<\/strong>\u00a0Le cours actuel se situe autour de 95\u00a0000\u00a0USD. \u00c0 l\u2019approche de la publication des donn\u00e9es de l\u2019IPC am\u00e9ricain de d\u00e9cembre, le Bitcoin a montr\u00e9 des signes de perc\u00e9e \u00e0 la hausse apr\u00e8s une longue p\u00e9riode de consolidation.\u00a0<\/li>\n\n\n\n<li style=\"font-size:18px\"><strong>Ethereum (ETH) :\u00a0<\/strong>autour de 3\u00a0325 USD. Bien que relativement plus faible que le BTC r\u00e9cemment, il est rest\u00e9 stable autour de la zone pivot cl\u00e9 de 3\u00a0000 \u00e0 3\u00a0200 USD.\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-medium-font-size\">5<strong>Sujet du jour<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-size:18px\">Indice des prix \u00e0 la production (IPP) de base am\u00e9ricain de d\u00e9cembre (variation mensuelle)\u00a0<\/li>\n\n\n\n<li style=\"font-size:18px\">Ventes au d\u00e9tail de base aux \u00c9tats-Unis en d\u00e9cembre (comparaison mensuelle)\u00a0<\/li>\n\n\n\n<li style=\"font-size:18px\">Indice des prix \u00e0 la production (IPP) am\u00e9ricain de d\u00e9cembre (variation mensuelle)\u00a0<\/li>\n\n\n\n<li style=\"font-size:18px\">Ventes au d\u00e9tail am\u00e9ricaines de d\u00e9cembre (comparaison mensuelle)\u00a0<\/li>\n\n\n\n<li style=\"font-size:18px\">Indice des prix \u00e0 la production (IPP) de base am\u00e9ricain en octobre (mise \u00e0 jour\/r\u00e9vision des donn\u00e9es)\u00a0<\/li>\n\n\n\n<li style=\"font-size:18px\">Indice des prix \u00e0 la production (IPP) am\u00e9ricain d&#039;octobre (mise \u00e0 jour\/r\u00e9vision des donn\u00e9es)\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>","protected":false},"excerpt":{"rendered":"<p>On January 14, 2026, global financial market volatility increased, prompting a short-term cooling in risk appetite and a more cautious asset allocation stance. Amid rising uncertainty, market sentiment turned defensive, with capital shifting toward lower-volatility and more stable assets. The US dollar index remained weak, while precious metals continued to outperform. Spot gold held firm [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":3618,"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-3614","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\/3614","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=3614"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/3614\/revisions"}],"predecessor-version":[{"id":3615,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/3614\/revisions\/3615"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media\/3618"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media?parent=3614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/categories?post=3614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/tags?post=3614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}