{"id":4010,"date":"2026-02-12T17:53:42","date_gmt":"2026-02-12T06:53:42","guid":{"rendered":"https:\/\/www.amillex.com\/?p=4010"},"modified":"2026-02-12T17:53:43","modified_gmt":"2026-02-12T06:53:43","slug":"amillex-daily-market-commentary-u-s-jobs-data-reshapes-the-narrative-gold-faces-resistance-at-5100","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/fr\/2026\/02\/12\/amillex-daily-market-commentary-u-s-jobs-data-reshapes-the-narrative-gold-faces-resistance-at-5100\/","title":{"rendered":"Commentaire quotidien d&#039;Amillex sur les march\u00e9s | Les donn\u00e9es sur l&#039;emploi aux \u00c9tats-Unis red\u00e9finissent le discours, l&#039;or rencontre une r\u00e9sistance \u00e0 5\u00a0100\u00a0$"},"content":{"rendered":"<p class=\"has-black-color has-text-color has-link-color wp-elements-b46a0334f78cfc7a4c5a9c32a34e75d0\" style=\"font-size:18px\">12 f\u00e9vrier 2026 \u2014 Apr\u00e8s la forte volatilit\u00e9 observ\u00e9e en d\u00e9but d&#039;ann\u00e9e, les march\u00e9s mondiaux des m\u00e9taux pr\u00e9cieux sont entr\u00e9s dans une phase de lutte acharn\u00e9e entre acheteurs et vendeurs. Jeudi, lors de la s\u00e9ance asiatique, le cours de l&#039;or au comptant oscillait autour de 5\u00a0060\u00a0USD, tandis que celui de l&#039;argent \u00e9voluait dans une fourchette \u00e9troite au-dessus de 85\u00a0USD.&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-0cbf3c130ccbd24510b3b71edfb1ae87\" style=\"font-size:18px\">Les chiffres am\u00e9ricains de l&#039;emploi non agricole de janvier, publi\u00e9s aujourd&#039;hui, sont nettement sup\u00e9rieurs aux attentes, avec 130\u00a0000 cr\u00e9ations d&#039;emplois contre 70\u00a0000 pr\u00e9vus par le march\u00e9. Le taux de ch\u00f4mage a \u00e9galement recul\u00e9 \u00e0 4,31\u00a0%, d\u00e9passant les pr\u00e9visions. Cette r\u00e9silience inattendue du march\u00e9 du travail a rapidement modifi\u00e9 les anticipations de baisse des taux, les op\u00e9rateurs repoussant de juin \u00e0 juillet la prochaine d\u00e9cision de la R\u00e9serve f\u00e9d\u00e9rale. En cons\u00e9quence, l&#039;indice du dollar et les rendements des bons du Tr\u00e9sor am\u00e9ricain ont rebondi, exer\u00e7ant une pression \u00e0 la baisse sur le cours de l&#039;or apr\u00e8s un bref pic intraday \u00e0 5\u00a0120\u00a0dollars avant un repli.&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-653587631a42abb9d4756d985cbb2bb1\" style=\"font-size:18px\">D&#039;un point de vue macro\u00e9conomique, si les bons chiffres de l&#039;emploi soutiennent \u00e0 court terme la position relativement restrictive de la Fed, les facteurs structurels favorables \u00e0 l&#039;or demeurent intacts. Parmi ceux-ci figurent les achats d&#039;or soutenus des banques centrales \u2013 notamment ceux de la Banque populaire de Chine, qui en ach\u00e8te depuis 15 mois cons\u00e9cutifs \u2013 ainsi que le risque d&#039;escalade des tensions g\u00e9opolitiques au Moyen-Orient.&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-949931cef3ef84db8e336ee81a9dc764\" style=\"font-size:20px\"><strong>Performance des actifs et aper\u00e7u fondamental<\/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-825951ab3d17a95e939ca4c9d18fb395\" style=\"font-size:18px\"><strong>Indice industriel Dow Jones (DJI) :<\/strong>\u00a0L&#039;indice s&#039;\u00e9tablit \u00e0 50\u00a0121,40, en baisse de 0,131\u00a0TP3T sur la journ\u00e9e. Il se maintient fermement au-dessus du seuil psychologique des 50\u00a0000 points.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-0489eb31f4b76e365c771e57b8fd3dd9\" style=\"font-size:18px\"><strong>S&amp;P 500 (SP500) :<\/strong>\u00a06\u00a0941,67, en baisse de 0,071\u00a0TP3T. L\u2019indice fait preuve de prudence \u00e0 l\u2019approche de la zone de r\u00e9sistance cl\u00e9 des 7\u00a0000.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-9c5e66ba43a81088fd23fadc933472c8\" style=\"font-size:18px\"><strong>Nasdaq 100 (NQ) :<\/strong>\u00a025\u00a0228,75, en baisse de 0,241\u00a0TP3T. Les valeurs de croissance et technologiques ont connu des prises de b\u00e9n\u00e9fices s\u00e9lectives dans un contexte de fluctuations r\u00e9centes des rendements des bons du Tr\u00e9sor am\u00e9ricain.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-fbf6cd4918b5276ad0b01b48acff3549\" style=\"font-size:18px\"><strong>Focus sur les actions<\/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-e44d9ab9d6677d4d517e4a238aa69d23\" style=\"font-size:18px\"><strong>Tesla (TSLA) :<\/strong>\u00a0428,27 USD, en hausse de 0,721 %. En tant que valeur vedette, Tesla a fait preuve d&#039;une r\u00e9silience remarquable malgr\u00e9 la faiblesse g\u00e9n\u00e9rale du march\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-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-9000953357a60d1b999e0007f8d5f672\" style=\"font-size:18px\"><strong>Indice du dollar am\u00e9ricain (DXY) :<\/strong>\u00a096,907, en hausse de 0,02%. Le dollar reste stable sous le seuil de 97, les march\u00e9s r\u00e9\u00e9valuant les donn\u00e9es sur l&#039;emploi, meilleures que pr\u00e9vu, et les r\u00e9centes d\u00e9clarations restrictives des responsables de la Fed.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-a34c09e43d65be48b47fa82fd2f93e39\" style=\"font-size:18px\"><strong>EUR\/USD :<\/strong>\u00a01,1876, en hausse de 0,05%. L&#039;euro s&#039;est l\u00e9g\u00e8rement appr\u00e9ci\u00e9 gr\u00e2ce \u00e0 la reprise technique des fondamentaux de la zone euro, cherchant un support \u00e0 court terme autour du niveau de 1,19.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-273f673d3cc06f31ff280dd9c8a5e7a5\" style=\"font-size:18px\"><strong>USD\/JPY :<\/strong>\u00a0153,19, en baisse de 0,02%. Le yen reste relativement stable, car les anticipations concernant l&#039;\u00e9cart de rendement entre les \u00c9tats-Unis et le Japon semblent avoir atteint un \u00e9quilibre \u00e0 court terme, maintenant ainsi la paire en phase de consolidation.\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-e7a3cb04c38db246748c0a2a2d1ad779\" style=\"font-size:18px\"><strong>Or au comptant (XAU\/USD) :<\/strong>\u00a05\u00a0061,84 USD\/oz, en baisse d&#039;environ 0,441 TP3T. Apr\u00e8s sa forte hausse et son maintien r\u00e9ussi au-dessus de 5\u00a0000 USD, l&#039;or subit des pressions en raison du ralentissement de la demande de valeurs refuges et du recul des anticipations de baisse des taux.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-9847c260f6b23d684e58de6debc2dc4f\" style=\"font-size:18px\"><strong>Argent au comptant (XAG\/USD) :<\/strong>\u00a082,31 USD\/oz, en baisse de 2,371 TP3T. L&#039;exposition industrielle de l&#039;argent a subi des pressions en raison des inqui\u00e9tudes concernant le ralentissement de la croissance mondiale, ce qui a entra\u00een\u00e9 des prises de b\u00e9n\u00e9fices sur les positions longues.\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-d640b75d50516988c5361695a06d2581\" style=\"font-size:18px\"><strong>P\u00e9trole brut (WTI) :<\/strong>\u00a065,01 USD\/baril, en hausse de 0,12%.\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-d532b64c1e575daf8e2c7edb10fc8fcd\" 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-32381d0c55ec7d81398499b990baf131\" style=\"font-size:18px\"><strong>Bitcoin (BTC\/USD) :<\/strong>\u00a067\u00a0408 USD, en hausse de 0,53%. Apr\u00e8s une forte correction en d\u00e9but de s\u00e9ance, le Bitcoin suscite un regain d\u2019int\u00e9r\u00eat \u00e0 l\u2019achat aux alentours de 67\u00a0000 USD, ce qui indique que les actifs \u00e0 risque restent attractifs dans un contexte de liquidit\u00e9s toujours favorables.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-bf52402a9ae3b79f147d9bcceee6fcaf\" style=\"font-size:18px\"><strong>Ethereum (ETH\/USD) :<\/strong>\u00a01\u00a0952,7 USD, en hausse de 0,621\u00a0TP3T. L\u2019ETH a rebondi en m\u00eame temps que le march\u00e9 dans son ensemble, avec des signes d\u2019affaiblissement de la dynamique baissi\u00e8re pr\u00e8s du pivot cl\u00e9 sous les 2\u00a0000 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-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-7b715e8cdfaa87d84b178bd0a6bbf4bb\" style=\"font-size:18px\"><strong>ROYAUME-UNI:<\/strong>\u00a0PIB de d\u00e9cembre (mois par mois)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-3751f1f6f6fef96a0ba994fcc670b0e7\" style=\"font-size:18px\"><strong>ROYAUME-UNI:<\/strong>\u00a0Estimation pr\u00e9liminaire du PIB du 4e trimestre (en glissement trimestriel)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-d3963edc8a0d59e6f89dad622fc23125\" style=\"font-size:18px\"><strong>NOUS:<\/strong>\u00a0Demandes initiales d&#039;allocations ch\u00f4mage pour la semaine se terminant le 7 f\u00e9vrier\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-9ac00cf961d1ea846fe5a532228b76c6\"><\/p>","protected":false},"excerpt":{"rendered":"<p>12 February 2026&nbsp;\u2014 After the sharp volatility seen earlier this year, global precious metals markets have entered a phase of intense tug-of-war between bulls and bears. During Thursday\u2019s Asian session, spot gold hovered around the USD 5,060 level, while silver traded in a narrow range above USD 85.&nbsp; U.S. January nonfarm payroll data released earlier [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":4008,"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-4010","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\/4010","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=4010"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/4010\/revisions"}],"predecessor-version":[{"id":4011,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/4010\/revisions\/4011"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media\/4008"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media?parent=4010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/categories?post=4010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/tags?post=4010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}