{"id":4250,"date":"2026-03-16T17:49:01","date_gmt":"2026-03-16T06:49:01","guid":{"rendered":"https:\/\/www.amillex.com\/?p=4250"},"modified":"2026-03-16T17:49:02","modified_gmt":"2026-03-16T06:49:02","slug":"amillex-daily-market-commentary-hawkish-fed-expectations-continue-to-pressure-gold","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/fr\/2026\/03\/16\/amillex-daily-market-commentary-hawkish-fed-expectations-continue-to-pressure-gold\/","title":{"rendered":"Commentaire quotidien d'Amillex sur les march\u00e9s | Les attentes restrictives de la Fed continuent de peser sur l'or\u00a0"},"content":{"rendered":"

16 mars 2026- <\/strong>Les march\u00e9s financiers mondiaux ont entam\u00e9 la nouvelle semaine dans un contexte macro\u00e9conomique complexe. En d\u00e9but de s\u00e9ance asiatique, le cours de l'or au comptant a subi des pressions avant de se replier. 5\u00a0000 USD\/oz<\/strong> Ce niveau se modifie car la prime extr\u00eame, auparavant aliment\u00e9e par la demande de valeurs refuges, subit d\u00e9sormais une forte correction due \u00e0 des facteurs fondamentaux. <\/p>\n\n\n\n

Selon les donn\u00e9es de CME Group FedWatch, la probabilit\u00e9 que la Fed maintienne ses taux inchang\u00e9s cette semaine a atteint 99.2%<\/strong>. Cette perspective de taux d'int\u00e9r\u00eat \u00e9lev\u00e9s et durables continue de soutenir le dollar am\u00e9ricain et exerce une pression manifeste sur les actifs non r\u00e9mun\u00e9rateurs tels que les m\u00e9taux pr\u00e9cieux. <\/p>\n\n\n\n

En revanche, le Brent a d\u00e9pass\u00e9 la limite fix\u00e9e. 100 dollars par baril<\/strong>,Cette situation est principalement due \u00e0 l'impasse persistante au Moyen-Orient et au durcissement de la rh\u00e9torique des hauts responsables iraniens. Dans un contexte g\u00e9opolitique tendu, o\u00f9 une politique mon\u00e9taire restrictive tire les march\u00e9s dans des directions oppos\u00e9es, le sentiment g\u00e9n\u00e9ral demeure extr\u00eamement sensible. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Performance du march\u00e9 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
  • S&P 500<\/strong>:\u00a06 661,98<\/strong>, en haut\u00a00,59%<\/strong>. L\u2019indice S&P 500 continue de faire preuve de r\u00e9silience malgr\u00e9 l\u2019incertitude macro\u00e9conomique, les fonds se tournant vers les valeurs vedettes \u00e0 forte capitalisation avant la d\u00e9cision de la Fed pour une exposition \u00e0 la croissance d\u00e9fensive.\u00a0<\/li>\n\n\n\n
  • Nasdaq-100<\/strong>:\u00a024 492,50<\/strong>, en haut\u00a00,40%<\/strong>. Les valeurs technologiques restent relativement stables, m\u00eame si la croissance de leur valorisation est limit\u00e9e par des taux d'int\u00e9r\u00eat \u00e9lev\u00e9s et prolong\u00e9s, ce qui entra\u00eene une performance sectorielle plus s\u00e9lective.\u00a0<\/li>\n\n\n\n
  • Moyenne industrielle Dow Jones<\/strong>:\u00a046 558,47<\/strong>, vers le bas\u00a00,26%<\/strong>. Les secteurs industriels traditionnels et les secteurs \u00e0 valeur ajout\u00e9e ont l\u00e9g\u00e8rement sous-perform\u00e9, refl\u00e9tant une certaine prudence quant aux perspectives de croissance.\u00a0<\/li>\n<\/ul>\n\n\n\n

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

      \n
    • Tesla, Inc. (TSLA)<\/strong>:\u00a0391,20 USD<\/strong>, vers le bas\u00a00,96%<\/strong>. Tesla reste en dessous du seuil des 400 dollars am\u00e9ricains, la hausse des co\u00fbts \u00e9nerg\u00e9tiques et la baisse des pr\u00e9visions de d\u00e9penses exer\u00e7ant une pression temporaire sur les primes de valorisation durant ce cycle de resserrement \u00e9conomique.\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<\/strong>:\u00a0100.232<\/strong>, vers le bas\u00a00,26%<\/strong>. Malgr\u00e9 la r\u00e9duction des anticipations de baisse des taux de la Fed, la demande de valeurs refuges comme les devises autres que le dollar am\u00e9ricain, notamment l'euro, a maintenu ce dernier l\u00e9g\u00e8rement plus faible au-dessus du seuil des 100.\u00a0<\/li>\n\n\n\n
      • EUR\/USD<\/strong>:\u00a01.14493<\/strong>, en haut\u00a00,31%<\/strong>. La vigueur de l'euro est soutenue par l'apaisement des inqui\u00e9tudes concernant la s\u00e9curit\u00e9 \u00e9nerg\u00e9tique de l'Europe dans un contexte de tensions au Moyen-Orient, et par le retour des liquidit\u00e9s vers les principaux actifs non libell\u00e9s en dollars am\u00e9ricains.\u00a0<\/li>\n\n\n\n
      • USD\/JPY<\/strong>:\u00a0159.331<\/strong>, vers le bas\u00a00,23%<\/strong>. La faiblesse du yen s'est ralentie aux alentours du niveau de 160, alors que la dynamique des op\u00e9rations de portage commence \u00e0 s'essouffler, signe d'une stabilisation technique pr\u00e9coce.\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
        • XAU\/USD<\/strong>:\u00a05\u00a0027,725 USD\/oz<\/strong>, en haut\u00a00,14%<\/strong>. L'or continue de se consolider au-dessus de 5\u00a0000\u00a0USD. Bien qu'un dollar plus fort exerce une pression, les risques g\u00e9opolitiques et la demande de couverture contre l'inflation \u00e0 long terme maintiennent l'or comme valeur refuge institutionnelle de base.\u00a0<\/li>\n\n\n\n
        • XAG\/USD<\/strong>:\u00a081,3585 USD\/oz<\/strong>, en haut\u00a00,92%<\/strong>. L\u2019argent surperforme l\u2019or, ce qui refl\u00e8te une plus grande \u00e9lasticit\u00e9 des prix, soutenue \u00e0 la fois par la demande industrielle et les flux vers les valeurs refuges.\u00a0<\/li>\n<\/ul>\n\n\n\n

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

            \n
          • P\u00e9trole brut WTI<\/strong>:\u00a098,22 USD\/baril<\/strong>, vers le bas\u00a00,97%<\/strong>. Le prix du p\u00e9trole a l\u00e9g\u00e8rement recul\u00e9 sous la barre des 100 dollars am\u00e9ricains, les march\u00e9s r\u00e9\u00e9valuant les risques r\u00e9els de perturbation de l'approvisionnement face \u00e0 des perspectives de demande plus faibles.\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<\/strong>:\u00a072 636 USD<\/strong>, vers le bas\u00a00,27%<\/strong>. Le Bitcoin fait face \u00e0 une forte r\u00e9sistance aux alentours de 75\u00a0000 dollars, les investisseurs r\u00e9duisant leur prise de risque avant la r\u00e9union de la Fed.\u00a0<\/li>\n\n\n\n
            • Ethereum<\/strong>:\u00a02 172,7 USD<\/strong>, vers le bas\u00a00,26%<\/strong>. Ethereum continue d'\u00e9voluer en phase avec la tendance g\u00e9n\u00e9rale du march\u00e9 dans un contexte de liquidit\u00e9s plus restreintes.\u00a0<\/li>\n<\/ul>\n\n\n\n
              <\/div>\n\n\n\n

              5. Donn\u00e9es cl\u00e9s \u00e0 surveiller aujourd'hui<\/strong> <\/p>\n\n\n\n

                \n
              • Canada IPC f\u00e9vrier (m\/m)\u00a0<\/li>\n\n\n\n
              • Canada, IPC de base m\u00e9dian de f\u00e9vrier (variation annuelle)\u00a0<\/li>\n\n\n\n
              • Canada, IPC de base de f\u00e9vrier, moyenne tronqu\u00e9e (variation annuelle)\u00a0<\/li>\n\n\n\n
              • Canada, f\u00e9vrier, IPC de base, courant (variation annuelle)\u00a0<\/li>\n\n\n\n
              • Indice manufacturier de la R\u00e9serve f\u00e9d\u00e9rale de New York (mars)\u00a0<\/li>\n<\/ul>\n\n\n\n
                <\/div>","protected":false},"excerpt":{"rendered":"

                16 March 2026- Global financial markets started the new week under a complex mix of macroeconomic forces. During early Asian trading, spot gold came under pressure and eased back toward the USD 5,000\/oz level, as the extreme premium previously driven by safe-haven demand is now facing a strong correction from fundamental factors.  According to CME Group FedWatch data, the probability […]<\/p>\n","protected":false},"author":9,"featured_media":4247,"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-4250","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\/4250","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=4250"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/4250\/revisions"}],"predecessor-version":[{"id":4251,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/4250\/revisions\/4251"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media\/4247"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media?parent=4250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/categories?post=4250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/tags?post=4250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}