{"id":4346,"date":"2026-04-01T19:48:16","date_gmt":"2026-04-01T08:48:16","guid":{"rendered":"https:\/\/www.amillex.com\/?p=4346"},"modified":"2026-04-02T11:14:36","modified_gmt":"2026-04-02T00:14:36","slug":"amillex-daily-market-commentary-external-premium-reshapes-range-gold-rebounds-3-5-oil-faces-divergence-at-high-levels","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/fr\/2026\/04\/01\/amillex-daily-market-commentary-external-premium-reshapes-range-gold-rebounds-3-5-oil-faces-divergence-at-high-levels\/","title":{"rendered":"Commentaire quotidien d&#039;Amillex sur le march\u00e9 | La prime externe redessine la fourchette, l&#039;or rebondit \u00e0 3,5%, le p\u00e9trole fait face \u00e0 une divergence \u00e0 des niveaux \u00e9lev\u00e9s\u00a0"},"content":{"rendered":"<p class=\"has-black-color has-text-color has-link-color wp-elements-fad24c9ba2f4c068c77ac6d8ce7ba35c\" style=\"font-size:18px\">Le 1er avril 2026, les march\u00e9s mondiaux des mati\u00e8res premi\u00e8res ont atteint un tournant d\u00e9cisif mardi, dans un contexte de forte volatilit\u00e9 externe. L&#039;or au comptant a bondi sous l&#039;effet d&#039;une forte demande de valeur refuge, ses gains intraday approchant les 3,51 TP3T, permettant de reconqu\u00e9rir avec succ\u00e8s le niveau de $4\u00a0650\/oz et se stabilisant actuellement autour de $4\u00a0674. Cette \u00e9volution a \u00e9t\u00e9 principalement aliment\u00e9e par l&#039;incertitude croissante, qui a rapidement fait grimper les prix du march\u00e9 en fonction des risques potentiels. Alors que des signaux r\u00e9cents \u00e9manant des parties prenantes sugg\u00e8rent que la p\u00e9riode \u00e0 venir sera une phase de transition, l&#039;attrait des actifs refuges s&#039;est consid\u00e9rablement renforc\u00e9. Le redressement rapide de l&#039;or apr\u00e8s ses pertes pr\u00e9c\u00e9dentes souligne la r\u00e9silience de la dynamique haussi\u00e8re face \u00e0 l&#039;incertitude macro\u00e9conomique, les march\u00e9s surveillant de pr\u00e8s si ce niveau peut se transformer en un support solide capable de r\u00e9sister \u00e0 une volatilit\u00e9 accrue.&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-5346ebad173b1e7db141b90be7220474\" style=\"font-size:18px\">Contrairement \u00e0 la vigueur de l&#039;or, le march\u00e9 de l&#039;\u00e9nergie a connu un repli apr\u00e8s une forte hausse, les signaux haussiers et baissiers s&#039;entrem\u00ealant. Le p\u00e9trole brut am\u00e9ricain a rencontr\u00e9 une r\u00e9sistance apr\u00e8s avoir atteint des sommets intraday mardi et se n\u00e9gocie actuellement \u00e0 $102,51 $\/baril. Si les inqui\u00e9tudes concernant l&#039;approvisionnement ont un temps fait grimper les primes, l&#039;apaisement du sentiment de march\u00e9 \u2013 suite \u00e0 des indications de perspectives de r\u00e9solution \u2013 a compens\u00e9 les tensions pr\u00e9c\u00e9dentes, entra\u00eenant un repli rapide par rapport aux sommets intraday. Actuellement, les prix du p\u00e9trole sont au c\u0153ur d&#039;une lutte acharn\u00e9e, les acheteurs se concentrant sur les perturbations r\u00e9elles de l&#039;approvisionnement tandis que les vendeurs anticipent un changement de cap. \u00c0 court terme, le p\u00e9trole pourrait fluctuer fortement autour du seuil psychologique de $100 $, le march\u00e9 passant d&#039;une simple \u00e9valuation du risque \u00e0 une analyse plus approfondie du futur r\u00e9\u00e9quilibrage de l&#039;offre et de la demande.&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-820e107d627ea8b255c437c3c4bba97b\" style=\"font-size:20px\"><strong>Classes d&#039;actifs et analyse fondamentale<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-61d788a0bc4012fd9c9df07f375d9fa9\" style=\"font-size:18px\"><strong>1. Actions am\u00e9ricaines<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-05ca5ae4537264aea2292cf5bf42900a\" style=\"font-size:18px\"><strong>Performance de l&#039;indice<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-e7b461e6a83a1b3fff961637fc7bd9ab\" style=\"font-size:18px\"><strong>Indice industriel Dow Jones (DJI) :<\/strong>\u00a046\u00a0341,51, en hausse de 1\u00a0125,37 points (+2,49%). Le Dow Jones a surperform\u00e9 de mani\u00e8re significative, refl\u00e9tant d&#039;importants afflux de capitaux vers les valeurs traditionnelles \u00e0 flux de tr\u00e9sorerie stables dans un contexte d&#039;incertitude macro\u00e9conomique.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-eb67cc9264005a9b8c9cf300f115de4d\" style=\"font-size:18px\"><strong>Nasdaq 100 (NQ1) :<\/strong>\u00a024\u00a0017,50, en hausse de 0,43%. Les valeurs technologiques ont maintenu leurs gains, bien que la hausse soit limit\u00e9e, la prudence \u00e9tant de mise au-dessus du niveau de 24\u00a0000, car la hausse des anticipations de taux d\u2019int\u00e9r\u00eat exerce une pression sur les valorisations de croissance.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-bae77d28e263093bf4bfcb44806ebd03\" style=\"font-size:18px\"><strong>S&amp;P 500 (SP500) :<\/strong>\u00a0Environ 6\u00a0340, en baisse de 0,39%. Une rotation sectorielle marqu\u00e9e au sein de l\u2019indice a vu des prises de b\u00e9n\u00e9fices sur les valeurs technologiques les plus importantes compenser les gains des secteurs de l\u2019\u00e9nergie et de l\u2019industrie, conduisant \u00e0 une consolidation \u00e0 des niveaux \u00e9lev\u00e9s.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-3ae9f2d84de6310e1934a7a774d4a5b7\" style=\"font-size:18px\"><strong>Points saillants de l&#039;action<\/strong>\u00a0<\/p>\n\n\n\n<ul style=\"font-size:18px\" class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-8b50527e38190866f1236aa5186feb39\" style=\"font-size:18px\"><strong>Technologies \u00e0 forte capitalisation :<\/strong>\u00a0Des gains g\u00e9n\u00e9ralis\u00e9s. Intel (INTC) a men\u00e9 la danse avec une hausse de 7,141 billions de dollars, tandis que Google (GOOG) et Tesla (TSLA) ont progress\u00e9 respectivement de 5,141 billions et 4,641 billions de dollars. Apple (AAPL) a cl\u00f4tur\u00e9 \u00e0 14\u00a0253,79 dollars, en hausse de 2,901 billions de dollars. Cette \u00e9volution des cours sugg\u00e8re un regain d&#039;afflux de capitaux dans les infrastructures d&#039;IA et les semi-conducteurs apr\u00e8s les r\u00e9centes corrections.\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-12dbf7558b4745dad952bf15e201f2ec\" style=\"font-size:18px\"><strong>2. Change de devises<\/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-cfc1f853fbb84e8be938b214e27f9760\" style=\"font-size:18px\"><strong>Indice du dollar am\u00e9ricain (DXY) :<\/strong>\u00a099,728, en baisse de 0,13%. Le dollar reste sous pression sous le seuil de 100, car la dynamique des politiques mon\u00e9taires comprime l\u00e9g\u00e8rement sa prime de valeur refuge malgr\u00e9 une incertitude persistante quant \u00e0 l&#039;inflation.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-8d3ac1659e57728452f7d8cd6bd78dba\" style=\"font-size:18px\"><strong>EUR\/USD :<\/strong>\u00a01,15748, en hausse de 0,19%. L&#039;euro a trouv\u00e9 un soutien au-dessus de 1,15, appuy\u00e9 par des donn\u00e9es sur l&#039;inflation plus fortes que pr\u00e9vu qui ont entra\u00een\u00e9 un r\u00e9ajustement des anticipations de resserrement mon\u00e9taire.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-170990ec219c04e6edd60e9d9d235bb9\" style=\"font-size:18px\"><strong>USD\/JPY :<\/strong>\u00a0158,762, en hausse de 0,02%. Le yen reste faible. Malgr\u00e9 les craintes d&#039;intervention, les op\u00e9rations de portage continuent de dominer en raison du maintien des \u00e9carts de taux d&#039;int\u00e9r\u00eat entre les \u00c9tats-Unis et le Japon.\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-b9d2a43e4b09b236014778d494e44575\" style=\"font-size:18px\"><strong>M\u00e9taux pr\u00e9cieux<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-2ce2f4d6db121cca16e1bd5194775d7b\" style=\"font-size:18px\"><strong>Or au comptant (XAUUSD) :<\/strong>\u00a0L&#039;or s&#039;\u00e9tablit \u00e0 $4\u00a0708,26\/oz, en hausse de $41,19 (+0,88%). Il poursuit sa progression historique, franchissant la barre des $4\u00a0700, les march\u00e9s continuant d&#039;int\u00e9grer les risques de cr\u00e9dit \u00e0 long terme et l&#039;incertitude g\u00e9opolitique, ce qui renforce son statut de valeur refuge.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-a767f19777f55acfba0168d45d77f044\" style=\"font-size:18px\"><strong>Argent au comptant (XAGUSD) :<\/strong>\u00a0$75,110\/oz, en baisse de 0,04%. L&#039;argent reste stable autour de $75, affichant une h\u00e9sitation davantage li\u00e9e au secteur industriel que la vigueur de l&#039;or.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-bccde4db0220bc9a7f501703c8c20a8c\" style=\"font-size:18px\"><strong>mati\u00e8res premi\u00e8res<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-1ba2763e9d0d893c35afd4ffe80aa0f2\" style=\"font-size:18px\"><strong>P\u00e9trole brut (XTIUSD) :<\/strong>\u00a0$102,46\/baril, en hausse de 0,62%. Le p\u00e9trole se maintient au-dessus du seuil psychologique cl\u00e9 de $100, soutenu par les craintes de perturbation de l&#039;approvisionnement et les d\u00e9ficits structurels de capacit\u00e9 dans le contexte de la transition \u00e9nerg\u00e9tique mondiale.\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-e5f6f22ea2d666e2ba4461bb44d015fe\" style=\"font-size:18px\"><strong>Bitcoin (BTCUSD) :<\/strong>\u00a0$68\u00a0225, en hausse de 0,01%. Le BTC se consolide autour de $68K avec une volatilit\u00e9 nettement r\u00e9duite, refl\u00e9tant une dynamique haussi\u00e8re limit\u00e9e dans un environnement de taux \u00e9lev\u00e9s.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-c2149fedec6b9ca3496dee4997060c02\" style=\"font-size:18px\"><strong>Ethereum (ETHUSD) :<\/strong>\u00a0$2\u00a0112,80, en hausse de 0,44%. L\u2019ETH reste faible et stable, affichant des performances inf\u00e9rieures \u00e0 celles du BTC, la pr\u00e9f\u00e9rence du march\u00e9 pour les actifs de la couche application \u00e9tant en baisse.\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-7950cf2e5c711d9cbd7952f5b5c271b1\" style=\"font-size:18px\"><strong>5. \u00c9v\u00e9nements cl\u00e9s \u00e0 suivre<\/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-4ec77da89acc605445a28834a44b0ecf\" style=\"font-size:18px\">Changements d&#039;emploi ADP aux \u00c9tats-Unis en mars\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-ef45bc96d44632d63d9b6303dc06dc08\" style=\"font-size:18px\">Ventes au d\u00e9tail de base aux \u00c9tats-Unis en mars (variation mensuelle)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-66c58be7b4f6e971a6036023366bc1aa\" style=\"font-size:18px\">Ventes au d\u00e9tail am\u00e9ricaines de mars (variation mensuelle)\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-56de78ff72c50a067db9f79edb4a5a5d\" style=\"font-size:18px\">Indice ISM manufacturier am\u00e9ricain de mars\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-7c7b04cbacf959ddd32330317783d463\" style=\"font-size:18px\">Indice ISM des prix manufacturiers am\u00e9ricains de mars\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>On April 1, 2026, global commodity markets reached a key turning point on Tuesday amid sharp external volatility. Spot gold surged on strong safe-haven demand, with intraday gains approaching 3.5%, successfully reclaiming the $4,650\/oz level and currently stabilizing around $4,674. This move was primarily driven by escalating uncertainty, which rapidly lifted market pricing of potential [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":4349,"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-4346","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\/4346","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/comments?post=4346"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/4346\/revisions"}],"predecessor-version":[{"id":4347,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/4346\/revisions\/4347"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media\/4349"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media?parent=4346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/categories?post=4346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/tags?post=4346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}