{"id":4367,"date":"2026-04-02T19:09:37","date_gmt":"2026-04-02T08:09:37","guid":{"rendered":"https:\/\/www.amillex.com\/?p=4367"},"modified":"2026-04-03T19:48:01","modified_gmt":"2026-04-03T08:48:01","slug":"amillex-daily-market-commentary-weaker-dollar-drives-gold-to-five-day-rally-easing-geopolitical-expectations-weigh-on-oil","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/fr\/2026\/04\/02\/amillex-daily-market-commentary-weaker-dollar-drives-gold-to-five-day-rally-easing-geopolitical-expectations-weigh-on-oil\/","title":{"rendered":"Commentaire quotidien d&#039;Amillex sur les march\u00e9s | La faiblesse du dollar entra\u00eene une hausse de l&#039;or sur cinq jours cons\u00e9cutifs, tandis que l&#039;apaisement des anticipations g\u00e9opolitiques p\u00e8se sur le p\u00e9trole"},"content":{"rendered":"<p class=\"has-black-color has-text-color has-link-color wp-elements-8392d615b89b4a2ac8c18638e4a9d52e\" style=\"font-size:18px\">2 avril 2026 \u2014 Les march\u00e9s mondiaux des mati\u00e8res premi\u00e8res ont affich\u00e9 une nette reprise, port\u00e9e par l&#039;interaction de multiples facteurs macro\u00e9conomiques. L&#039;or au comptant a prolong\u00e9 son fort rebond r\u00e9cent, enregistrant des gains pour la cinqui\u00e8me s\u00e9ance cons\u00e9cutive et se maintenant durablement autour de 4\u00a0800 $\/oz en cours de journ\u00e9e. Ce rallye s&#039;explique principalement par le repli de l&#039;indice du dollar am\u00e9ricain par rapport \u00e0 ses r\u00e9cents sommets, ce qui a favoris\u00e9 la hausse des m\u00e9taux pr\u00e9cieux.<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-64232327fb5c4c76eaab6cc6bd64586d\" style=\"font-size:18px\">Dans le m\u00eame temps, bien que le sentiment du march\u00e9 se soit stabilis\u00e9 apr\u00e8s la volatilit\u00e9 pr\u00e9c\u00e9dente, la r\u00e9\u00e9valuation des anticipations d&#039;inflation et des trajectoires des taux d&#039;int\u00e9r\u00eat r\u00e9els a permis \u00e0 l&#039;or de faire preuve d&#039;une forte r\u00e9silience et d&#039;un soutien soutenu \u00e0 l&#039;achat apr\u00e8s sa correction du premier trimestre.<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-05619fec690317e1dffdd5342d89297e\" style=\"font-size:18px\">Sur le plan macro\u00e9conomique, les anticipations d&#039;un l\u00e9ger apaisement des tensions g\u00e9opolitiques ont jou\u00e9 un r\u00f4le d\u00e9terminant dans la r\u00e9duction des primes des valeurs refuges. Les signaux d&#039;une possible fin des hostilit\u00e9s entre les parties prenantes ont contribu\u00e9 \u00e0 att\u00e9nuer l&#039;anxi\u00e9t\u00e9, auparavant tr\u00e8s vive, qui r\u00e9gnait sur les march\u00e9s. Ce changement a directement entra\u00een\u00e9 une correction sur les march\u00e9s de l&#039;\u00e9nergie, le prix du p\u00e9trole brut chutant de plus de 11\u00a0030 milliards de dollars pour s&#039;\u00e9tablir aux alentours de 1\u00a0498,85 dollars le baril.<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-d9ddc44ffe33307af96bed7501c56cc9\" style=\"font-size:18px\">Actuellement, le march\u00e9 traverse une phase marqu\u00e9e par la double influence de l\u2019apaisement des tensions et de la dynamique des politiques \u00e9conomiques. Si la demande de valeurs refuges \u00e0 court terme s\u2019est affaiblie, la faiblesse persistante des indicateurs macro\u00e9conomiques \u00e0 venir pourrait permettre \u00e0 l\u2019or de se consolider au-dessus de $4,800 et potentiellement d\u2019amorcer une nouvelle tendance haussi\u00e8re structurelle.<\/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 has-medium-font-size wp-elements-c9c1b3b827ca6cfe957daffd92325b2f\"><strong>Analyse fondamentale et de la performance des actifs<\/strong><\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-cec4609f5df4e02d6be3afbf257fc236\" style=\"font-size:18px\"><strong>1. March\u00e9 des actions am\u00e9ricaines<\/strong><\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-68288ff8ead281a9e7169393a284baa9\" style=\"font-size:18px\"><strong>Performance de l&#039;indice<\/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-f4f3c6baf91b5e3720b32f0f939c631b\" style=\"font-size:18px\"><strong>S&amp;P 500 (SP500) :<\/strong> Environ 6\u00a0530 points (6,53\u00a0K), en hausse de 2,911\u00a0TP3T. Apr\u00e8s une r\u00e9cente p\u00e9riode de volatilit\u00e9, l\u2019indice affiche une forte dynamique de rebond, le sentiment du march\u00e9 passant d\u2019une attitude d\u00e9fensive \u00e0 une attitude plus favorable au risque, et les anticipations de croissance des b\u00e9n\u00e9fices \u00e9tant r\u00e9\u00e9valu\u00e9es.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-45f689dee1113db0b2c7f9a3e6ad4100\" style=\"font-size:18px\"><strong>Indice industriel Dow Jones (DJI) :<\/strong> 46\u00a0565,74, en hausse de 224,23 points (+0,48%). Les valeurs vedettes restent r\u00e9silientes, se maintenant au-dessus de 46\u00a0000 et faisant preuve d\u2019adaptabilit\u00e9 face au contexte actuel des taux d\u2019int\u00e9r\u00eat.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-266a15043bec8914f02825497deb97a6\" style=\"font-size:18px\"><strong>Nasdaq 100 (NQ1) :<\/strong> 24\u00a0169,00, en baisse de 0,11%. \u00c0 contre-courant de la hausse g\u00e9n\u00e9rale, ce cours refl\u00e8te une rotation sectorielle, les capitaux premium stimul\u00e9s par l\u2019IA affluant vers les segments du mat\u00e9riel et des applications des semi-conducteurs.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-e1e0ba72777c1db053ca940b33650023\" style=\"font-size:18px\"><strong>Points saillants de l&#039;action<\/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-e9568a494d437530d9ad98b4ae0199d6\" style=\"font-size:18px\"><strong>Intel (INTC) :<\/strong> $48.03, a bondi de 8,84%, menant le march\u00e9 alors que les investisseurs int\u00e8grent les perc\u00e9es technologiques des processus et les avantages de la localisation de la cha\u00eene d&#039;approvisionnement.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-8715eff800d35f6202e44582a6fdcb46\" style=\"font-size:18px\"><strong>Google (GOOC) et Tesla (TSLA)\u00a0:<\/strong> En hausse de 3,42% et 2,56% respectivement. Les g\u00e9ants technologiques affichent des performances mitig\u00e9es, mais les valeurs de croissance profitent d&#039;une reprise de leur valorisation \u00e0 mesure que les anticipations de taux se stabilisent.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-6b596d61f2f648b6ba6c46d0f949be49\" style=\"font-size:18px\"><strong>Apple (AAPL) :<\/strong> $255,63, en hausse de 0,73%, se n\u00e9gociant r\u00e9guli\u00e8rement au-dessus de la plage $250 avec une performance mod\u00e9r\u00e9e.<\/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-21aaa71026e7b2ce11db8ebdbe7a7682\" style=\"font-size:18px\"><strong>2. March\u00e9 des changes<\/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-9fd5412db6ff53c8f9bb1af8dd44bd2a\" style=\"font-size:18px\"><strong>Indice du dollar am\u00e9ricain (DXY) :<\/strong> 99,516, en baisse de 0,04%. Se maintenant sous le seuil cl\u00e9 de 100, avec un \u00e9lan haussier r\u00e9duit \u00e0 mesure que les signaux de politique mon\u00e9taire de la Fed s&#039;\u00e9quilibrent.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-377e9ca0e7139688c57df357e2273872\" style=\"font-size:18px\"><strong>EUR\/USD :<\/strong> 1,15946, en hausse de 0,04%. L&#039;euro reste faible au sein d&#039;une fourchette de consolidation de long terme, les march\u00e9s attendant les projections \u00e9conomiques actualis\u00e9es du deuxi\u00e8me trimestre de la BCE.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-9ac8a856222b353abfce6992ac4c2fa7\" style=\"font-size:18px\"><strong>USD\/JPY :<\/strong> 158,658, en baisse de 0,08%. Le yen trouve un support pr\u00e8s de 160, le d\u00e9nouement des op\u00e9rations de portage et une intervention potentielle de la Banque du Japon limitant sa d\u00e9pr\u00e9ciation.<\/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-a72da6323ee86619a53088f30ac35603\" style=\"font-size:18px\"><strong>3. M\u00e9taux pr\u00e9cieux et mati\u00e8res premi\u00e8res<\/strong><\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-1f3a56e3f676e3e736cf6ecb28a64b82\" style=\"font-size:18px\"><strong>M\u00e9taux pr\u00e9cieux<\/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-c169827e67f5c6c0e2db301817a542e3\" style=\"font-size:18px\"><strong>Or au comptant (XAUUSD) :<\/strong> Environ $4\u00a0786,98\/oz, en hausse de 0,61%. L\u2019or reste \u00e9lev\u00e9 au-dessus de $4\u00a0700 malgr\u00e9 les fortes hausses pr\u00e9c\u00e9dentes, soutenu par la demande de valeurs refuges et la dynamique structurelle des bilans des banques centrales.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-f0d71459aa54f785eecdaeddee569dd4\" style=\"font-size:18px\"><strong>Argent au comptant (XAGUSD) :<\/strong> $75,712\/oz, en hausse de 0,90%. L&#039;argent surpasse \u00e0 nouveau l&#039;or, b\u00e9n\u00e9ficiant du soutien suppl\u00e9mentaire des perspectives d&#039;am\u00e9lioration de la demande industrielle.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-136e4d0f30e2981cad68fd8b510db29b\" style=\"font-size:18px\"><strong>mati\u00e8res premi\u00e8res<\/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-ff06bb162c7a1394451cef9161656bcf\" style=\"font-size:18px\"><strong>P\u00e9trole brut (XTIUSD) :<\/strong> $97,93\/baril, en baisse de 1,24%. Les prix ont subi une pression \u00e0 la vente pr\u00e8s du niveau de $100, alors que grandissent les craintes que les prix \u00e9lev\u00e9s du p\u00e9trole ne d\u00e9clenchent une inflation secondaire et ne freinent la demande.<\/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-a08b689bd130f9d1af6de755f1388d2b\" style=\"font-size:18px\"><strong>4. Actifs crypto et dynamique macro\u00e9conomique<\/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-b29318225fbdee94bf18cbe8aeb8dd53\" style=\"font-size:18px\"><strong>Bitcoin (BTCUSD) :<\/strong> $68\u00a0454, en hausse de 0,52%. \u00c9volue lat\u00e9ralement sous le niveau de $70\u00a0000, les march\u00e9s surveillant les flux entrants d&#039;ETF et les conditions de liquidit\u00e9.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-da08f604a6c779b811502f8081502418\" style=\"font-size:18px\"><strong>Ethereum (ETHUSD) :<\/strong> $2,150,93, en hausse de 0,50%. \u00c9voluant en phase avec le march\u00e9 dans son ensemble, sans catalyseurs ind\u00e9pendants et restant dans une phase de consolidation \u00e0 faible volatilit\u00e9.<\/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-2382de167ab42d07283a13fde8a83392\" style=\"font-size:18px\"><strong>5. Le th\u00e8me du jour<\/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-cdaef3e9dc3674cd65cfc224768d165b\" style=\"font-size:18px\">Demandes initiales d&#039;allocations ch\u00f4mage aux \u00c9tats-Unis (semaine se terminant le 28 mars)<\/li>\n<\/ul>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>","protected":false},"excerpt":{"rendered":"<p>April 2, 2026 \u2014 Global commodity markets showed a notable recovery trend amid the interplay of multiple macroeconomic factors. Spot gold extended its recent strong rebound, recording gains for the fifth consecutive trading session and steadily trading near the $4,800\/oz level intraday. The primary driver behind this rally is the pullback of the U.S. Dollar [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":4363,"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-4367","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\/4367","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=4367"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/4367\/revisions"}],"predecessor-version":[{"id":4368,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/4367\/revisions\/4368"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media\/4363"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media?parent=4367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/categories?post=4367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/tags?post=4367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}