{"id":3672,"date":"2026-01-26T17:29:13","date_gmt":"2026-01-26T06:29:13","guid":{"rendered":"https:\/\/www.amillex.com\/?p=3672"},"modified":"2026-01-26T17:29:14","modified_gmt":"2026-01-26T06:29:14","slug":"amillex-daily-market-commentary-full-scale-tariff-shock-rocks-markets-gold-smashes-through-the-5000-barrier","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/fr\/2026\/01\/26\/amillex-daily-market-commentary-full-scale-tariff-shock-rocks-markets-gold-smashes-through-the-5000-barrier\/","title":{"rendered":"Commentaire quotidien d&#039;Amillex sur les march\u00e9s | Un choc tarifaire d&#039;envergure secoue les march\u00e9s, l&#039;or franchit la barre des 5\u00a0000 $\u00a0"},"content":{"rendered":"<p class=\"has-black-color has-text-color has-link-color wp-elements-46d0161c56c873ee4ec4384f327eb8b5\" style=\"font-size:18px\">Le 26 janvier 2026, les actions am\u00e9ricaines ont \u00e9volu\u00e9 dans une fourchette \u00e9troite proche de leurs plus hauts historiques, les investisseurs restant sur leurs gardes avant la premi\u00e8re r\u00e9union de politique mon\u00e9taire de la R\u00e9serve f\u00e9d\u00e9rale de l&#039;ann\u00e9e. L&#039;app\u00e9tit pour le risque est mis \u00e0 rude \u00e9preuve par la r\u00e9silience persistante du march\u00e9 du travail et la persistance de l&#039;inflation. Parall\u00e8lement, l&#039;indice du dollar am\u00e9ricain a oscill\u00e9 mod\u00e9r\u00e9ment, refl\u00e9tant la prudence des investisseurs institutionnels dans l&#039;attente de signaux macro\u00e9conomiques majeurs. Le principal choc macro\u00e9conomique de cette p\u00e9riode est survenu suite \u00e0 une forte d\u00e9t\u00e9rioration des relations commerciales et g\u00e9opolitiques durant le week-end. Le gouvernement am\u00e9ricain a brandi la menace, particuli\u00e8rement agressive, d&#039;imposer des droits de douane de 1001\u00a0030 dollars canadiens au Canada via les r\u00e9seaux sociaux, en r\u00e9ponse directe aux r\u00e9cents \u00e9changes commerciaux entre le Premier ministre canadien et la Chine. Port\u00e9 par une forte hausse de la demande de valeurs refuges et par les fluctuations des rendements r\u00e9els, l&#039;or a non seulement maintenu sa forte progression de la semaine pr\u00e9c\u00e9dente, mais a \u00e9galement franchi de mani\u00e8re d\u00e9cisive le cap historique des 1\u00a0400\u00a0000 dollars l&#039;once, atteignant un pic proche des 1\u00a0400\u00a0000 dollars l&#039;once.&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 class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-1388a8ec71e76e3895f9865978781a15\" style=\"font-size:18px\"><strong>Indice Dow Jones\u00a0:<\/strong>\u00a0Autour\u00a0<strong>49 120<\/strong>\u00a0(+0,09%). Apr\u00e8s le rebond de la semaine derni\u00e8re suite au meeting de Davos, le Dow Jones est entr\u00e9 dans une phase de consolidation serr\u00e9e \u00e0 des niveaux \u00e9lev\u00e9s.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-cd60f3d93e67eea4001a95dfeb287bdd\" style=\"font-size:18px\"><strong>S&amp;P 500\u00a0:<\/strong>\u00a0Autour\u00a0<strong>6 892<\/strong>Alors que le secteur de l&#039;\u00e9nergie continue de b\u00e9n\u00e9ficier du soutien des tensions g\u00e9opolitiques, le sentiment g\u00e9n\u00e9ral reste frein\u00e9 par l&#039;incertitude macro\u00e9conomique de cette \u00ab Super Week \u00bb.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-10a7df0b6a24709a01f177fe0d1d0b40\" style=\"font-size:18px\"><strong>Nasdaq Composite :<\/strong>\u00a0Autour\u00a0<strong>25 608<\/strong>Les valeurs technologiques ont affich\u00e9 des performances mitig\u00e9es. Malgr\u00e9 le soutien structurel de la demande en informatique aliment\u00e9e par l&#039;IA, les segments \u00e0 forte valorisation restent vuln\u00e9rables aux prises de b\u00e9n\u00e9fices, dans un contexte de hausse du rendement des obligations du Tr\u00e9sor \u00e0 10 ans.\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-9f8cc50d8ca0ff5cec82cc1911472fe4\" style=\"font-size:18px\"><strong>Intel (INTC) :<\/strong>\u00a0Autour\u00a0<strong>$45.08<\/strong>\u00a0(-17,02%). L&#039;action a chut\u00e9 de plus de 17% en une seule s\u00e9ance apr\u00e8s que le PDG a reconnu des probl\u00e8mes persistants de rendement de production et des contraintes d&#039;approvisionnement continues. Conjugu\u00e9e \u00e0 l&#039;aggravation des pertes de son activit\u00e9 de fonderie, cette situation a provoqu\u00e9 un effondrement de la confiance des investisseurs et d\u00e9clench\u00e9 des ventes paniques. Le titre teste actuellement \u00e0 nouveau son niveau de r\u00e9sistance.\u00a0<strong>Zone de support cl\u00e9 $42\u201345<\/strong>.\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-42152a871d3dabd162f0c799ba2ccf13\" 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-9385ce75d4ecc750afc84bd41c6da488\" style=\"font-size:18px\"><strong>Indice du dollar am\u00e9ricain (DXY) :<\/strong>\u00a0Autour\u00a0<strong>97.20<\/strong>Le dollar a trouv\u00e9 un soutien aux alentours de 98,60 et a l\u00e9g\u00e8rement rebondi. Les march\u00e9s suivent de pr\u00e8s les indications que le pr\u00e9sident Jerome Powell donnera cette semaine concernant le rythme des baisses de taux en 2026.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-b20e2bb7d7ad3b15cc2529dea67c0073\" style=\"font-size:18px\"><strong>EUR\/USD :<\/strong>\u00a0Autour\u00a0<strong>1.1855<\/strong>Le couple reste marqu\u00e9 par une rh\u00e9torique accommodante de la part des responsables de la BCE, ainsi que par des inqui\u00e9tudes persistantes quant au protectionnisme commercial \u00e0 long terme entre l&#039;Europe et les \u00c9tats-Unis.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-49c0636cdf1f42306caa9c27d97d1ad1\" style=\"font-size:18px\"><strong>USD\/JPY :<\/strong>\u00a0Autour\u00a0<strong>154.80<\/strong>Alors que le sentiment de risque se stabilisait avant l&#039;ouverture des march\u00e9s actions am\u00e9ricains, la demande de yen comme valeur refuge s&#039;est att\u00e9nu\u00e9e.\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-9f82e155dbf717f539697fc84fa43794\" 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-e18eb6be8e14ca273a11c4b0033fa08b\" style=\"font-size:18px\"><strong>Or au comptant (XAUUSD) :<\/strong>\u00a0A franchi de mani\u00e8re d\u00e9cisive le record historique\u00a0<strong>$5\u00a0000\/oz<\/strong>\u00a0niveau, atteignant des sommets pr\u00e8s de\u00a0<strong>$5,050<\/strong>.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-9e2473f9fa57180653f7d9ff11514abd\" style=\"font-size:18px\"><strong>Argent au comptant (XAGUSD) :<\/strong>\u00a0Autour\u00a0<strong>$106<\/strong>L&#039;argent s&#039;est maintenu fermement au-dessus du seuil des $100, soutenu \u00e0 la fois par la tension sur l&#039;offre industrielle et par une aversion croissante au risque. L&#039;ancienne r\u00e9sistance s&#039;est transform\u00e9e en un solide support.\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-7db9d4ed95590d40f38fb461c0a677f7\" style=\"font-size:18px\"><strong>P\u00e9trole brut WTI :<\/strong>\u00a0Autour\u00a0<strong>$61,20 par baril<\/strong>Les prix continuent de tester le niveau $60 dans un contexte de r\u00e9visions \u00e0 la baisse des pr\u00e9visions de la demande mondiale, un \u00e9quilibre fragile \u00e9tant maintenu par les anticipations de coop\u00e9ration \u00e9nerg\u00e9tique.\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-beb69d23b463382741bbe575ad77d8f4\" style=\"font-size:18px\"><strong>4. Actifs crypto et \u00e9volutions macro\u00e9conomiques<\/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-3fab3cd58d04b7a4b05a563363af5d43\" style=\"font-size:18px\"><strong>Bitcoin (BTC) :<\/strong>\u00a0Autour\u00a0<strong>$86,665<\/strong>Apr\u00e8s \u00eatre pass\u00e9 sous le seuil des $90\u00a0000, le BTC recherche actuellement un support pr\u00e8s de ce niveau.\u00a0<strong>$85 000<\/strong>.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-48289ded6ab76906bacd80c733e56935\" style=\"font-size:18px\"><strong>Ethereum (ETH) :<\/strong>\u00a0Autour\u00a0<strong>$2,830<\/strong>. Il est tomb\u00e9 sous le seuil cl\u00e9 de $3\u00a0000 et reste relativement faible.\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-b7ddeeef7c2ae91c154e255ccb3cf5b3\" style=\"font-size:18px\"><strong>5.&nbsp;<\/strong><strong>Focus 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-dafac0af35511468ab5eab2418ca3512\" style=\"font-size:18px\">Allemagne : Indice Ifo du climat des affaires de janvier\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-a29d9e18c7d10a3c439db38dd7e50a65\" style=\"font-size:18px\">\u00c9tats-Unis : Commandes de biens durables de base de d\u00e9cembre (en glissement mensuel)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-835a02d84a70319e9246bbb77f33c49e\" style=\"font-size:18px\">\u00c9tats-Unis : Commandes de biens durables de d\u00e9cembre (en glissement mensuel)<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>","protected":false},"excerpt":{"rendered":"<p>January 26, 2026, U.S. equities traded in a tight range near record highs, as investors remained on edge ahead of the Federal Reserve\u2019s first policy meeting of the new year. Risk sentiment is being squeezed from both sides by the continued resilience of the labor market and the stickiness of inflation. Meanwhile, the U.S. Dollar [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":3670,"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-3672","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\/3672","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=3672"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/3672\/revisions"}],"predecessor-version":[{"id":3673,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/3672\/revisions\/3673"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media\/3670"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media?parent=3672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/categories?post=3672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/tags?post=3672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}