{"id":4164,"date":"2026-03-04T15:04:44","date_gmt":"2026-03-04T04:04:44","guid":{"rendered":"https:\/\/www.amillex.com\/?p=4164"},"modified":"2026-03-04T15:04:45","modified_gmt":"2026-03-04T04:04:45","slug":"amillex-daily-market-review-dollar-strength-triggers-long-liquidation-can-geopolitical-risks-support-gold","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/fr\/2026\/03\/04\/amillex-daily-market-review-dollar-strength-triggers-long-liquidation-can-geopolitical-risks-support-gold\/","title":{"rendered":"Analyse quotidienne du march\u00e9 Amillex | La vigueur du dollar d\u00e9clenche des liquidations de positions longues \u2014 Les risques g\u00e9opolitiques peuvent-ils soutenir l'or\u00a0?\u00a0"},"content":{"rendered":"
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4 mars 2026<\/strong> Les march\u00e9s financiers mondiaux ont \u00e9t\u00e9 secou\u00e9s par une forte volatilit\u00e9, cons\u00e9quence de la convergence de plusieurs facteurs macro\u00e9conomiques. Mardi, le cours de l'or au comptant a subi de fortes pressions \u00e0 la vente, chutant de plus de 41\u00a0300\u00a0dollars en s\u00e9ance pour s'\u00e9tablir \u00e0 un niveau proche de 100\u00a0000\u00a0dollars. $5,123 par once<\/strong>. Les attentes concernant la premi\u00e8re baisse des taux de la R\u00e9serve f\u00e9d\u00e9rale ont \u00e9t\u00e9 repouss\u00e9es de juillet \u00e0 septembre. Face \u00e0 l'assouplissement des perspectives de baisse des taux, les investisseurs privil\u00e9gient d\u00e9sormais les liquidit\u00e9s dans un contexte de forte volatilit\u00e9, ce qui a temporairement affaibli l'attrait de l'or \u00e0 court terme. Bien que les tensions persistantes au Moyen-Orient continuent d'alimenter les inqui\u00e9tudes li\u00e9es \u00e0 l'inflation \u00e0 long terme, le resserrement des conditions de liquidit\u00e9 a rendu difficile le maintien de la hausse fulgurante de l'or. Les contrats \u00e0 terme sur l'or ont cl\u00f4tur\u00e9 en baisse de 3,51\u00a0TP3T, refl\u00e9tant un repositionnement d\u00e9fensif \u00e0 des niveaux \u00e9lev\u00e9s. <\/p>\n\n\n\n

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Performance des actifs et aper\u00e7u fondamental<\/strong> <\/p>\n\n\n\n

1. March\u00e9 des actions am\u00e9ricaines<\/strong> <\/p>\n\n\n\n

Performance de l'indice<\/strong> <\/p>\n\n\n\n

    \n
  • Indice industriel Dow Jones (DJI) :<\/strong>48 501,27, en baisse de plus de 400 points (-0,83%).\u00a0<\/li>\n<\/ul>\n\n\n\n
      \n
    • S&P 500 (SP500) :<\/strong>6\u00a0807,07, en l\u00e9g\u00e8re hausse de 0,02%. L\u2019indice a \u00e9volu\u00e9 dans une fourchette \u00e9troite, les acheteurs et les vendeurs se livrant une lutte acharn\u00e9e autour du niveau de 6\u00a0800.\u00a0<\/li>\n<\/ul>\n\n\n\n
        \n
      • Nasdaq 100 (NQ1) :<\/strong>24\u00a0720,00, en baisse de 0,141\u00a0TP3T. Les valeurs de croissance et technologiques ont perdu de leur \u00e9lan apr\u00e8s la r\u00e9cente hausse, les march\u00e9s r\u00e9\u00e9valuant l\u2019incertitude entourant l\u2019\u00e9volution des taux.\u00a0<\/li>\n<\/ul>\n\n\n\n

        Focus sur les actions<\/strong> <\/p>\n\n\n\n

          \n
        • Tesla (TSLA) :<\/strong>$392,43, en baisse de 2,70%. Valeur de croissance de r\u00e9f\u00e9rence, Tesla a vu son repli peser sur le Nasdaq, en raison des inqui\u00e9tudes li\u00e9es au ralentissement de la croissance de la demande en aval et \u00e0 la pression sur les marges.\u00a0<\/li>\n<\/ul>\n\n\n\n
          <\/div>\n\n\n\n

          2. March\u00e9 des changes<\/strong> <\/p>\n\n\n\n

            \n
          • Indice du dollar am\u00e9ricain (DXY) :\u00a0<\/strong>99,178, en hausse de 0,11%. Le dollar reste r\u00e9silient au-dessus du seuil de 99, soutenu par un regain d'afflux vers les valeurs refuges dans un contexte d'incertitude quant \u00e0 la croissance mondiale.\u00a0<\/li>\n<\/ul>\n\n\n\n
              \n
            • EUR\/USD :\u00a0<\/strong>1,15943, en baisse de 0,16%. La faiblesse de la croissance dans la zone euro et un \u00e9cart de taux toujours important entre les \u00c9tats-Unis et l'UE continuent de limiter le potentiel de rebond de l'euro.\u00a0<\/li>\n<\/ul>\n\n\n\n
                \n
              • USD\/JPY :\u00a0<\/strong>157,613, en baisse de 0,05%. Le yen oppose une certaine r\u00e9sistance aux alentours de 158, les march\u00e9s suivant de pr\u00e8s la position de la Banque du Japon concernant les anticipations d'inflation.\u00a0<\/li>\n<\/ul>\n\n\n\n
                <\/div>\n\n\n\n

                3. M\u00e9taux pr\u00e9cieux et mati\u00e8res premi\u00e8res<\/strong> <\/p>\n\n\n\n

                M\u00e9taux pr\u00e9cieux<\/strong> <\/p>\n\n\n\n

                  \n
                • Or au comptant (XAUUSD) :\u00a0<\/strong>$5,133,88 par once. Malgr\u00e9 la volatilit\u00e9 r\u00e9cente, l'or se maintient fermement au-dessus du niveau de $5,100, soutenu par la demande de valeurs refuges et les achats continus des banques centrales, ce qui en fait un actif de couverture macro\u00e9conomique cl\u00e9.\u00a0<\/li>\n<\/ul>\n\n\n\n
                    \n
                  • Argent au comptant (XAGUSD) :\u00a0<\/strong>$83,1026 par once. L'argent continue d'afficher une volatilit\u00e9 sup\u00e9rieure \u00e0 celle de l'or, en raison de son double r\u00f4le d'actif industriel et de valeur refuge.\u00a0<\/li>\n<\/ul>\n\n\n\n

                    mati\u00e8res premi\u00e8res<\/strong> <\/p>\n\n\n\n

                      \n
                    • P\u00e9trole brut (XTIUSD) :\u00a0<\/strong>$75,06 par baril, en hausse de 0,20%. Les prix du p\u00e9trole trouvent un soutien technique pr\u00e8s de $75, soutenus par les risques g\u00e9opolitiques et les anticipations de tensions sur l'offre.\u00a0<\/li>\n<\/ul>\n\n\n\n
                      <\/div>\n\n\n\n

                      4. Actifs crypto et \u00e9volutions macro\u00e9conomiques<\/strong> <\/p>\n\n\n\n

                        \n
                      • Bitcoin (BTCUSD) :\u00a0<\/strong>$68\u00a0028, en baisse de 0,45%. Le BTC reste en consolidation sous la barre des $70\u00a0000, la faible prime de liquidit\u00e9 l'emp\u00eachant de progresser de concert avec l'or.\u00a0<\/li>\n<\/ul>\n\n\n\n
                          \n
                        • Ethereum (ETHUSD) :\u00a0<\/strong>$1\u00a0966,80, en baisse de 0,82%. L\u2019ETH continue d\u2019afficher des performances inf\u00e9rieures \u00e0 celles du march\u00e9 crypto dans son ensemble, ce qui refl\u00e8te une activit\u00e9 on-chain et une innovation au niveau applicatif insuffisantes pour soutenir une perc\u00e9e.\u00a0<\/li>\n<\/ul>\n\n\n\n
                          <\/div>\n\n\n\n

                          5. Le th\u00e8me du jour<\/strong> <\/p>\n\n\n\n

                            \n
                          • Suisse<\/strong>: IPC de f\u00e9vrier (mois par mois)\u00a0<\/li>\n<\/ul>\n\n\n\n
                              \n
                            • \u00c9tats-Unis<\/strong>: Changements d'emploi ADP de f\u00e9vrier\u00a0<\/li>\n<\/ul>\n\n\n\n
                                \n
                              • \u00c9tats-Unis<\/strong>Indice PMI non manufacturier de l'ISM (f\u00e9vrier)\u00a0<\/li>\n<\/ul>\n\n\n\n
                                  \n
                                • Canada<\/strong>Discours du gouverneur de la Banque du Canada, Tiff Macklem\u00a0<\/li>\n<\/ul>\n\n\n\n
                                  <\/div>","protected":false},"excerpt":{"rendered":"

                                  March 4, 2026 \u2014 Global financial markets were hit by sharp volatility as multiple macro forces collided. On Tuesday, spot gold came under heavy selling pressure, dropping more than 4% intraday to trade near $5,123 per ounce. Expectations for the Federal Reserve\u2019s first rate cut have now been pushed back from July to September. As the rate-cut outlook softens, […]<\/p>\n","protected":false},"author":9,"featured_media":4166,"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-4164","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\/4164","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=4164"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/4164\/revisions"}],"predecessor-version":[{"id":4165,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/4164\/revisions\/4165"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media\/4166"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media?parent=4164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/categories?post=4164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/tags?post=4164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}