{"id":3661,"date":"2026-01-23T15:25:50","date_gmt":"2026-01-23T04:25:50","guid":{"rendered":"https:\/\/www.amillex.com\/?p=3661"},"modified":"2026-01-23T15:25:51","modified_gmt":"2026-01-23T04:25:51","slug":"amillex-daily-market-commentary-weaker-usd-lifts-gold-to-new-highs-as-rate-cut-expectations-fuel-bullish-sentiment","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/fr\/2026\/01\/23\/amillex-daily-market-commentary-weaker-usd-lifts-gold-to-new-highs-as-rate-cut-expectations-fuel-bullish-sentiment\/","title":{"rendered":"Commentaire quotidien d&#039;Amillex sur les march\u00e9s | La faiblesse du dollar am\u00e9ricain propulse l&#039;or vers de nouveaux sommets, les anticipations de baisse des taux alimentant le sentiment haussier"},"content":{"rendered":"<p class=\"has-black-color has-text-color has-link-color wp-elements-848b7e19ef2492749c2f8bf45fdc7b9b\" style=\"font-size:18px\"><strong>23 janvier 2026 \u2014<\/strong>&nbsp;L&#039;or au comptant a poursuivi sa forte progression, se maintenant fermement au-dessus du seuil psychologique de 4\u00a0900 $ et atteignant bri\u00e8vement un record historique \u00e0 4\u00a0960,43 $ l&#039;once en d\u00e9but de s\u00e9ance asiatique. Cette hausse a \u00e9t\u00e9 principalement aliment\u00e9e par la faiblesse persistante du dollar am\u00e9ricain, l&#039;indice du dollar reculant de 0,51 point \u00e0 98,28, proche de son plus bas niveau en trois semaines. Bien que le dernier indice des prix PCE ait montr\u00e9 une l\u00e9g\u00e8re hausse de l&#039;inflation \u00e0 2,81 points en glissement annuel, signe d&#039;une certaine r\u00e9silience \u00e9conomique sous-jacente, il n&#039;a gu\u00e8re frein\u00e9 les anticipations d&#039;un assouplissement mon\u00e9taire futur. Les march\u00e9s continuent d&#039;int\u00e9grer une position prudente de la Fed \u00e0 court terme, suivie de deux baisses de taux totalisant 50 points de base au second semestre 2026. Ces perspectives r\u00e9duisent le co\u00fbt d&#039;opportunit\u00e9 de la d\u00e9tention d&#039;or, renfor\u00e7ant son attrait et maintenant la dynamique haussi\u00e8re.&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 wp-elements-36d0a7ca3d04cc5eca8992d784cfdfe1\" style=\"font-size:20px\"><strong>Analyse fondamentale et de la performance des actifs<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-0819a3863ca0df6beba3bcd366ba958e\" style=\"font-size:18px\"><strong>1. March\u00e9s boursiers am\u00e9ricains<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-11a8b7ba65f6a75934a331b5b63d7d73\" style=\"font-size:18px\"><strong>Performance de l&#039;indice<\/strong>&nbsp;<\/p>\n\n\n\n<ul style=\"font-size:18px\" class=\"wp-block-list has-black-color has-text-color has-link-color wp-elements-a7e18a099b281b8611aea32a59ef9960\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-10628d75327f33a063906d5dfca8e8bf\" style=\"font-size:18px\"><strong>Indice Dow Jones\u00a0:\u00a0<\/strong>49\u00a0384,01 (+0,63%). Soutenu par des signes d\u2019apaisement des tensions g\u00e9opolitiques \u00e9manant du Forum de Davos \u2013 notamment l\u2019att\u00e9nuation des menaces de droits de douane concernant le Groenland \u2013, le Dow Jones a enregistr\u00e9 une deuxi\u00e8me hausse cons\u00e9cutive, se maintenant fermement au-dessus du seuil des 49\u00a0000 points.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-e0f3574f61e2dc9502ee5a2809ba4600\" style=\"font-size:18px\"><strong>S&amp;P 500\u00a0:\u00a0<\/strong>6\u00a0913,35 (+0,55%). L\u2019optimisme avant la r\u00e9union du FOMC a permis \u00e0 l\u2019indice de rebondir l\u00e9g\u00e8rement apr\u00e8s un ralentissement des flux vers les valeurs refuges.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-37e556c78eaca86a496c5c7291438ec4\" style=\"font-size:18px\"><strong>Nasdaq Composite :\u00a0<\/strong>25\u00a0436,02 (+0,91%). Les valeurs technologiques ont men\u00e9 la hausse, le secteur de l\u2019IA reprenant de l\u2019\u00e9lan suite aux d\u00e9bats anim\u00e9s du Forum de Davos, ce qui a entra\u00een\u00e9 d\u2019importants rachats de positions \u00e0 d\u00e9couvert.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-8d715533c6ec58385a9f16bb657d1e8f\" style=\"font-size:18px\"><strong>Mise en avant 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-2bd69c3664450244f46bdf1bd00a6479\" style=\"font-size:18px\"><strong>Tesla (TSLA) : $449.36<\/strong>\u00a0(+4,15%). Apr\u00e8s un gain de 1,63% lors de la s\u00e9ance pr\u00e9c\u00e9dente, Tesla a poursuivi sa progression et franchi le niveau de r\u00e9sistance cl\u00e9 de $440.\u00a0\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-f7397c4fcc210b1bc8b1b9f1722c1d25\" 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-c9ec6aecd966cf487eebe71bcd62cf1d\" style=\"font-size:18px\"><strong>Indice du dollar am\u00e9ricain (DXY) :\u00a0<\/strong>98,30 (-0,41%) L&#039;apaisement des tensions g\u00e9opolitiques a r\u00e9duit la demande de valeurs refuges, faisant baisser r\u00e9guli\u00e8rement le dollar par rapport \u00e0 ses r\u00e9cents sommets.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-3487f4adc27ac39f864127fd651806b2\" style=\"font-size:18px\"><strong>EUR\/USD :\u00a0<\/strong>1,1750 (+0,56%) B\u00e9n\u00e9ficiant d&#039;une l\u00e9g\u00e8re am\u00e9lioration du sentiment de risque commercial entre les \u00c9tats-Unis et l&#039;UE, l&#039;euro a connu un net rebond apr\u00e8s avoir atteint des plus bas de plusieurs mois.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-082b267d03ee405f0985d2eb9bf88d45\" style=\"font-size:18px\"><strong>USD\/JPY :\u00a0<\/strong>158,40. L&#039;am\u00e9lioration de l&#039;app\u00e9tit pour le risque a affaibli la demande de yen, valeur refuge. La paire EUR\/USD continue de se consolider autour du seuil de 158, dans l&#039;attente de nouvelles indications de la banque centrale.\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-ff6a8b443a8bd973ca90a6f1108af1cf\" style=\"font-size:18px\"><strong>3. M\u00e9taux pr\u00e9cieux et mati\u00e8res premi\u00e8res<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-c39cbaecb9bf76e699535ea0988df6dd\" 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-350d8d2cb5528b8fefc52e4647c5fa00\" style=\"font-size:18px\"><strong>Or au comptant (XAUUSD) :\u00a0<\/strong>Environ $4\u00a0950\/oz (+1,61%). Les d\u00e9veloppements positifs du Forum de Davos ont entra\u00een\u00e9 un ajustement rationnel des primes des valeurs refuges.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-e18127a6ebfca7c650b84475df37cabc\" style=\"font-size:18px\"><strong>Argent au comptant (XAGUSD) :\u00a0<\/strong>Autour de $95,82 (+3,44%). Malgr\u00e9 une d\u00e9tente temporaire des tensions g\u00e9opolitiques, l&#039;argent n&#039;a montr\u00e9 aucun signe de faiblesse et s&#039;est de nouveau hiss\u00e9 au-dessus du seuil de r\u00e9f\u00e9rence.\u00a0<strong>$95<\/strong>\u00a0record historique.\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-f153ecd9c773478ac4175bc271ed16f3\" style=\"font-size:18px\"><strong>P\u00e9trole brut WTI :\u00a0<\/strong>Autour\u00a0<strong>$59,70\/baril<\/strong>\u00a0(-2,14%). Les primes de risque g\u00e9opolitique ont fortement recul\u00e9.\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-97655026c8d686b2047030add8072884\" style=\"font-size:18px\">4<strong>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-8c03c7cbbba59b2362f90e019ff73f80\" style=\"font-size:18px\"><strong>Bitcoin (BTC) :\u00a0<\/strong>Aux alentours de $89 521, glissant l\u00e9g\u00e8rement en dessous du niveau psychologique de $90 000.\u00a0<br>Alors qu&#039;une partie des capitaux \u00e0 court terme s&#039;est tourn\u00e9e vers les actions en reprise, le BTC continue d&#039;afficher un solide support technique aux alentours de $88\u00a0000.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-ab642779c7e95cc7aa7ad697d1a18e2c\" style=\"font-size:18px\"><strong>Ethereum (ETH) :\u00a0<\/strong>Enlis\u00e9e dans un bras de fer autour du pivot de $3\u00a0000, l\u2019ETH reste cantonn\u00e9e entre $2\u00a0980 et $3\u00a0050, sous la pression des d\u00e9bats persistants concernant les niveaux d\u2019activit\u00e9 r\u00e9cents sur la blockchain.\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-21019b0d8b61026b54145cce98b0069d\" 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-b227e7d28fe13b7bf1523300fd11ddde\" style=\"font-size:18px\">R\u00e9union annuelle du Forum \u00e9conomique mondial (Jour 5)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-e962027d763be3ec0b8ea9a3ed99ad74\" style=\"font-size:18px\">Ventes au d\u00e9tail au Royaume-Uni en d\u00e9cembre (m\/m)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-3030818e07d5ae949c8163d7c06b265c\" style=\"font-size:18px\">Indice PMI manufacturier de France (janvier, donn\u00e9es pr\u00e9liminaires)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-a3fb11e199e085a5b213837758d918b5\" style=\"font-size:18px\">France Janvier Services PMI (Pr\u00e9liminaire)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-573ce4eb662b8402db967c5d47ed12cd\" style=\"font-size:18px\">Indice PMI manufacturier allemand de janvier (pr\u00e9liminaire)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-fb8609d63904fe2a23b4a65bcba02213\" style=\"font-size:18px\">Allemagne, janvier, PMI des services (pr\u00e9liminaire)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-43e5006abe6476d01b52f7f64a3ab6b5\" style=\"font-size:18px\">Indice PMI manufacturier britannique de janvier (pr\u00e9liminaire)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-398f4d6556be9ad1b695b0350cddef61\" style=\"font-size:18px\">Indice PMI des services au Royaume-Uni (janvier, version pr\u00e9liminaire)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-eea91c3285c101ea5e6f21aab1d8f235\" style=\"font-size:18px\">Canada, d\u00e9cembre, ventes au d\u00e9tail de base (m\/m)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-ef5cda99a55ae35b6bcd5176b2c1c75e\" style=\"font-size:18px\">Ventes au d\u00e9tail au Canada en d\u00e9cembre (m\/m)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-905cc591359a8392ba2effa0cfa19d5c\" style=\"font-size:18px\">Indice PMI manufacturier am\u00e9ricain de janvier (pr\u00e9liminaire)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-061c57a2c0f9b9fb0463095059b5192f\" style=\"font-size:18px\">Indice PMI des services am\u00e9ricains de janvier (pr\u00e9liminaire)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-62341791ad5cafe5547fb9a85e6a1d22\" style=\"font-size:18px\">\u00c9tats-Unis, janvier, Enqu\u00eate sur le moral des consommateurs de l&#039;Universit\u00e9 du Michigan (donn\u00e9es finales)\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>Jan 23, 2026 \u2014&nbsp;Spot gold extended its powerful rally, holding firmly above the $4,900 psychological level and briefly touching a record high of $4,960.43\/oz during early Asian trading. The move was&nbsp;mainly driven&nbsp;by continued weakness in the U.S. dollar, with the Dollar Index sliding 0.5% to 98.28, near a three-week low. Although the latest PCE Price [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":3663,"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-3661","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\/3661","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=3661"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/3661\/revisions"}],"predecessor-version":[{"id":3662,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/3661\/revisions\/3662"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media\/3663"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media?parent=3661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/categories?post=3661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/tags?post=3661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}