{"id":4037,"date":"2026-02-19T15:23:06","date_gmt":"2026-02-19T04:23:06","guid":{"rendered":"https:\/\/www.amillex.com\/?p=4037"},"modified":"2026-02-19T15:23:07","modified_gmt":"2026-02-19T04:23:07","slug":"amillex-daily-market-commentary-gold-surges-2-as-safe-haven-demand-clashes-with-fed-uncertainty","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/fr\/2026\/02\/19\/amillex-daily-market-commentary-gold-surges-2-as-safe-haven-demand-clashes-with-fed-uncertainty\/","title":{"rendered":"Commentaire quotidien d&#039;Amillex sur les march\u00e9s | L&#039;or bondit le 2%, la demande de valeurs refuges se heurtant \u00e0 l&#039;incertitude de la Fed\u00a0"},"content":{"rendered":"<p class=\"has-black-color has-text-color has-link-color wp-elements-c5d896bad738bb758c57016bffef99d7\" style=\"font-size:18px\"><strong>19 f\u00e9vrier 2026<\/strong>&nbsp;Les march\u00e9s financiers mondiaux ont progress\u00e9 dans un contexte d&#039;incertitude g\u00e9opolitique croissante. L&#039;escalade des tensions entre les \u00c9tats-Unis et l&#039;Iran, conjugu\u00e9e \u00e0 l&#039;impasse des n\u00e9gociations de paix russo-ukrainiennes \u00e0 Gen\u00e8ve, a provoqu\u00e9 un nouvel engouement pour les valeurs refuges. Le cours de l&#039;or au comptant a bondi de plus de 21\u00a0000 billions de dollars mercredi et s&#039;est maintenu autour de 4\u00a0970 dollars am\u00e9ricains durant la s\u00e9ance asiatique.&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-1d769fa28b9671d03e09b1b8fb4e57fd\" style=\"font-size:18px\">Sur le plan macro\u00e9conomique, le compte rendu de la r\u00e9union de janvier de la R\u00e9serve f\u00e9d\u00e9rale a r\u00e9v\u00e9l\u00e9 de profondes divisions internes au sein de son \u00e9quipe dirigeante. Face \u00e0 une inflation toujours soutenue, certains responsables ont m\u00eame \u00e9voqu\u00e9 la possibilit\u00e9 de nouvelles hausses de taux, tandis que d&#039;autres ont clairement exprim\u00e9 leur pr\u00e9f\u00e9rence pour des baisses de taux en cas de publication de donn\u00e9es \u00e9conomiques moins favorables. Cette incertitude politique a plong\u00e9 les investisseurs, optimistes comme pessimistes, dans une situation tr\u00e8s conflictuelle aux abords du seuil psychologique important des 5\u00a0000\u00a0dollars.&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-ff0e5961634bc923a436ef778a7adaeb\" style=\"font-size:18px\"><strong>1. March\u00e9 des actions am\u00e9ricaines<\/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-d91f85d82f77d56e7e94dda7898a8a4b\" style=\"font-size:18px\"><strong>Indice industriel Dow Jones (DJI) :<\/strong>\u00a049\u00a0662,66, en hausse de 0,26%\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-5fa4117bff95d2692f5b7dfa736e5a89\" style=\"font-size:18px\"><strong>S&amp;P 500 (SPX) :<\/strong>\u00a0L&#039;indice s&#039;\u00e9tablit \u00e0 6\u00a0878,68 points, en baisse de 0,031 point. Il se consolide pr\u00e8s de ses plus hauts historiques, le march\u00e9 passant d&#039;une logique de \u00ab\u00a0momentum\u00a0\u00bb \u00e0 une approche davantage ax\u00e9e sur les donn\u00e9es \u00e9conomiques. Les investisseurs restent prudents avant d&#039;atteindre le seuil des 7\u00a0000 points, dans l&#039;attente de confirmations suppl\u00e9mentaires quant \u00e0 la persistance de l&#039;inflation.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-557475f7ff822f8fc74d588d56bf5dad\" style=\"font-size:18px\"><strong>Nasdaq 100 (NQ) :<\/strong>\u00a024\u00a0940,25, en baisse de 0,061\u00a0TP3T. Le secteur technologique a affich\u00e9 des divergences internes. Tandis que les valeurs des fabricants de puces m\u00e9moire progressaient, les g\u00e9ants technologiques \u00e0 forte capitalisation subissaient des pressions sur leur valorisation, dans un contexte d&#039;incertitudes quant \u00e0 l&#039;\u00e9volution future des taux d&#039;int\u00e9r\u00eat.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-ee1f28985aa0ce2803f4e6947fa05a1b\" style=\"font-size:18px\"><strong>Mise en avant de l&#039;action\u00a0<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-93a043aa88e883f070d1f62f4d35e2eb\" style=\"font-size:18px\"><strong>Tesla (TSLA) :<\/strong>\u00a0411,32 USD, en hausse de 0,171 TP3T\u00a0<br>Le cours des actions est rest\u00e9 stable, la hausse de l&#039;aversion au risque ayant frein\u00e9 l&#039;\u00e9volution des prix.\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-7fc1ba656be8cfa3c7ad7927cfe837ad\" style=\"font-size:18px\"><strong>Indice du dollar am\u00e9ricain (DXY) :<\/strong>\u00a097,719, en hausse de 0,03%\u00a0<br>Soutenu par le ton ferme des minutes de la Fed \u00e9voquant la possibilit\u00e9 de nouvelles hausses de taux, le dollar a regagn\u00e9 une partie du terrain perdu r\u00e9cemment. La probabilit\u00e9 implicite d&#039;une baisse des taux en juin, selon le march\u00e9, a fortement diminu\u00e9, passant de 64% \u00e0 moins de 50%.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-e3b47be70894da0e6c5d8c933fe326ed\" style=\"font-size:18px\"><strong>EUR\/USD :<\/strong>\u00a01,17871, en hausse de 0,04%\u00a0<br>Malgr\u00e9 le rebond du dollar, la r\u00e9cente r\u00e9silience \u00e9conomique de la zone euro et les divergences importantes de politique au sein de la Fed ont limit\u00e9 la pression \u00e0 la baisse sur la paire de devises.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-095ca1949ea7c1fd856ef4935fef7214\" style=\"font-size:18px\"><strong>USD\/JPY :<\/strong>\u00a0154,801, en hausse de 0,02%\u00a0<br>L&#039;incertitude politique qui a suivi l&#039;investiture du nouveau Premier ministre japonais a maintenu les op\u00e9rations de portage du yen en \u00e9quilibre autour du niveau de 155.\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-ab6dac7c23a006d6907afaace3d644b4\" style=\"font-size:18px\"><strong>Or au comptant (XAU\/USD) :<\/strong>\u00a04\u00a0963,95 USD\/oz, en baisse de 0,271\u00a0TP3T\u00a0<br>Apr\u00e8s avoir test\u00e9 le seuil historique des 5\u00a0000\u00a0$, l&#039;or a subi des prises de b\u00e9n\u00e9fices techniques. La publication du compte rendu de la Fed a temp\u00e9r\u00e9 l&#039;enthousiasme suscit\u00e9 par une baisse des taux \u00e0 court terme, entra\u00eenant un repli temporaire. Cependant, les risques g\u00e9opolitiques continuent de soutenir l&#039;int\u00e9r\u00eat des acheteurs \u00e0 moyen terme.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-bfa151a709bee8a08da55800b7679c32\" style=\"font-size:18px\"><strong>Argent au comptant (XAG\/USD) :<\/strong>\u00a076,77 USD\/oz, en baisse de 0,53%\u00a0<br>La forte volatilit\u00e9 observ\u00e9e aux niveaux \u00e9lev\u00e9s refl\u00e8te la sensibilit\u00e9 des positions sp\u00e9culatives aux fluctuations des anticipations d&#039;inflation.\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-d3f29a314f0d46af77a1737637d15dbf\" style=\"font-size:18px\"><strong>P\u00e9trole brut WTI (XTI\/USD) :<\/strong>\u00a065,22 USD\/baril, en hausse de 0,221 TP3T. Les prix du p\u00e9trole restent soutenus par les primes de risque g\u00e9opolitiques li\u00e9es aux tensions au Moyen-Orient et \u00e0 une \u00e9ventuelle intervention militaire, d\u00e9passant nettement le seuil de 65 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-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-417cb292a065d6718a35f5be78474375\" style=\"font-size:18px\"><strong>Bitcoin (BTC\/USD) :<\/strong>\u00a066\u00a0383 USD, en baisse de 0,061\u00a0TP3T. Apr\u00e8s une forte correction en janvier, le Bitcoin est entr\u00e9 dans une phase de consolidation. Alors que la Fed maintient une politique de taux d\u2019int\u00e9r\u00eat \u00e9lev\u00e9s sur le long terme, les cryptomonnaies, toujours consid\u00e9r\u00e9es comme des actifs \u00e0 risque, font l\u2019objet d\u2019un r\u00e9ajustement de leur prime de liquidit\u00e9.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-76f40627aba2e30e3555ec01a316db49\" style=\"font-size:18px\"><strong>Ethereum (ETH\/USD) :<\/strong>\u00a01\u00a0954,20 USD, en baisse de 0,081\u00a0TP3T. La sous-performance persistante par rapport au Bitcoin et aux mati\u00e8res premi\u00e8res sugg\u00e8re que, dans le contexte actuel d\u2019aversion au risque, les capitaux restent attach\u00e9s aux actifs tangibles traditionnels.\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-4aafd3d5e8868bf592099a869711c704\" 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-a1be4c312c5432f9010cca96819091ab\" style=\"font-size:18px\">Discours du gouverneur de la Banque de r\u00e9serve de Nouvelle-Z\u00e9lande\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-ed5d6f07d35b7f391cd2dc5b4e02bf1b\" style=\"font-size:18px\">Changement d&#039;emploi en Australie\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-de9588940bc1b2ff03dca5fa97f7935a\" style=\"font-size:18px\">Taux de ch\u00f4mage en Australie\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>February 19, 2026&nbsp;\u2014 Global financial markets pushed higher amid intensifying geopolitical uncertainty. Escalating tensions between the U.S. and Iran, combined with a stalemate in the Russia-Ukraine peace talks in Geneva, triggered a renewed rush into safe-haven assets. Spot gold surged more than 2% on Wednesday and continued to trade around the USD 4,970 level during [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":4034,"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-4037","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\/4037","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=4037"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/4037\/revisions"}],"predecessor-version":[{"id":4038,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/4037\/revisions\/4038"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media\/4034"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media?parent=4037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/categories?post=4037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/tags?post=4037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}