{"id":9737,"date":"2026-08-10T14:05:17","date_gmt":"2026-08-10T04:05:17","guid":{"rendered":"https:\/\/www.amillex.com\/?p=9737"},"modified":"2026-08-10T14:05:18","modified_gmt":"2026-08-10T04:05:18","slug":"amillex-daily-commentary-review-weak-nfp-dampens-rate-hike-expectations-geopolitical-tensions-boost-oil-risk-premium","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/fr\/2026\/08\/10\/amillex-daily-commentary-review-weak-nfp-dampens-rate-hike-expectations-geopolitical-tensions-boost-oil-risk-premium\/","title":{"rendered":"Analyse quotidienne d&#039;Amillex | Faibles chiffres de l&#039;emploi non agricole : les anticipations de hausse des taux sont revues \u00e0 la baisse, les tensions g\u00e9opolitiques accentuent la prime de risque p\u00e9troli\u00e8re"},"content":{"rendered":"<p class=\"has-black-color has-text-color has-link-color wp-elements-6ebb31004258acbf570abc82ffe11cb1 wp-block-paragraph\" style=\"font-size:18px\">On Monday, August 10, 2026, during the early Asian session, the global commodities market exhibited a mild upward trend, driven by macro policies and geopolitical developments. Spot gold traded around $4,346\/oz, primarily influenced by the surprisingly weak US July non-farm payrolls (NFP) report. The softer-than-expected labor market data effectively suppressed market expectations for Fed rate hikes, pressuring the US dollar index lower and providing solid downside support for gold. Although profit-taking near record highs led to minor consolidations, the bullish structure for gold remains robust, bolstered by expectations of a pivot in monetary policy and safe-haven flows.<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-092784bed2aa1e8d915089ff1ae583a4 wp-block-paragraph\" style=\"font-size:18px\">Concurrently, the risk premium in the crude oil market spiked again, with WTI crude edging higher to trade near $78.73\/barrel. On the news front, the deadlock in the Middle East situation and stalled diplomatic negotiations\u2014coupled with specific preconditions required to reopen the Strait of Hormuz\u2014have directly heightened supply-side concerns. Looking ahead, if diplomatic efforts in the Middle East remain fruitless, supply risks will continue to support range-bound strength in oil prices. Meanwhile, the gold market will closely monitor upcoming US inflation data to validate further evolution of policy pivot expectations.<\/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-c1f898c30cb45307f49241f507084b69 wp-block-paragraph\" style=\"font-size:18px\"><strong>Analyse fondamentale et de la performance des classes d&#039;actifs<\/strong><\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-39ac33fb75d517f47406d69623914672 wp-block-paragraph\" style=\"font-size:18px\"><strong>1. March\u00e9 des actions am\u00e9ricaines<\/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-2f3c63cd26e91281bdb2c3ba39a6d4c9\" style=\"font-size:18px\"><strong>Performance de l&#039;indice<\/strong>\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-d23837cc947fa52597090972e34c4ee2\" style=\"font-size:18px\"><strong>Indice industriel Dow Jones (DJI) :<\/strong> At 54,042.39, up 152.00 points (+0.28%). Supported by cyclical sectors and blue-chip heavyweights, the Dow maintained a steady upward trend with strong buying interest near the 54,000 mark.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-fafd08c3febef7096f6b18318ffea3aa\" style=\"font-size:18px\"><strong>Indice S&amp;P 500 (SP500)\u00a0:<\/strong> At 7,757.27, down 3.06 points (-0.04%). The index traded in a narrow range near historical highs around 7,750 amid light volume, as market participants await key US inflation data later this week.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-f465ecfc5a5a59bac160901a8dcbce09\" style=\"font-size:18px\"><strong>Nasdaq 100 Futures (NQ1!):<\/strong> At 29,881.00, up 46.25 points (+0.16%). Tech stocks diverged, with the index building momentum to establish support ahead of the 30,000 psychological barrier.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-11ebbafbd8b821744ef1160f4ac225b3\" style=\"font-size:18px\"><strong>Points saillants des actions individuelles<\/strong>\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-e850119c33d7d64359a276d06b317a7a\" style=\"font-size:18px\"><strong>Tesla (TSLA) :<\/strong> At $328.58, jumping 2.83%. As a market leader, it saw significant capital inflows, forming a technical breakout at high levels.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-11a41f0de788b43597e52df5d118fe15\" style=\"font-size:18px\"><strong>Intel (INTC) :<\/strong> At $101.65, rising 1.84%. Value recovery in the semiconductor sector continued, with the stock steadily holding above the $100 psychological resistance level.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-1e39fd359ef93d83a245492a947d413d\" style=\"font-size:18px\"><strong>Alphabet \/ Google (GOOG):<\/strong> At $354.30, falling 0.96%. Constrained by short-term profit-taking, the stock underwent a minor technical pullback from recent highs.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-8d12024b57c4034943196d51cac8d0c6\" style=\"font-size:18px\"><strong>Apple (AAPL) &amp; Amazon (AMZN):<\/strong> At $313.33 (+0.29%) and $274.48 (+0.82%), respectively. Both traded steadily, providing liquidity support to the broad market during sideways consolidation.<\/li>\n<\/ul>\n<\/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-db8ec80753b07a246f2c588b2a0f2ee3 wp-block-paragraph\" 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-0cf7707b867d14b82e7087a1aaa0553e\" style=\"font-size:18px\"><strong>Indice du dollar am\u00e9ricain (DXY) :<\/strong> At 99.643, up 0.04%. The dollar index fluctuated tightly between 99.50 and 100.00. Uncertainty surrounding the Fed&#8217;s interest rate trajectory kept market activity cautious, compressing overall volatility.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-bc79a5a6ac35e526193770cf06951d57\" style=\"font-size:18px\"><strong>EUR\/USD :<\/strong> At 1.15555, down 0.03%. The euro hovered near 1.1550 as ECB policy wait-and-see stance combined with weak regional fundamentals, limiting upward momentum.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-72cab2a6dc3ab881df76cb247a6ab35b\" style=\"font-size:18px\"><strong>USD\/JPY :<\/strong> At 157.916, up 0.07%. Yield differential expectations between the US and Japan dominated, pushing the pair toward 158.00. Carry trade demand and a temporary fading of the yen&#8217;s safe-haven appeal kept the yen under pressure.<\/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-3480f022ef24573cacc109f66d5b1068 wp-block-paragraph\" style=\"font-size:18px\"><strong>3. M\u00e9taux pr\u00e9cieux et 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-4726875d0836ef0e7988e3b2baab0a5a\" style=\"font-size:18px\"><strong>M\u00e9taux pr\u00e9cieux<\/strong>\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-9a10738a5036fe21638f4f8f428cb6fb\" style=\"font-size:18px\"><strong>Or au comptant (XAUUSD) :<\/strong> At $4,338.97\/oz, down 0.07%. Gold consolidated stably within a high channel above $4,300. Despite holding costs in a high interest rate environment, long-term allocation and safe-haven demand provided firm support on dips.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-0f4b64783e7dd0d9ae7feec0d731e1da\" style=\"font-size:18px\"><strong>Argent au comptant (XAGUSD) :<\/strong> At $63.74\/oz, up 0.28%. Silver slightly outperformed gold, supported by industrial demand expectations and gold-to-silver ratio rebalancing, oscillating at elevated levels between $63 and $64.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-a736bf2b24c9431769442f4bf2bcdb3b\" style=\"font-size:18px\"><strong>mati\u00e8res premi\u00e8res<\/strong>\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-fa6506d39de2d07f22dee794820c7158\" style=\"font-size:18px\"><strong>P\u00e9trole brut WTI (XTIUSD) :<\/strong> At $79.00\/barrel, rebounding strongly by 2.23%. Heightened geopolitical risks and supply uncertainty were priced in again, driving crude oil near the $80 psychological resistance level with expanded risk premiums.<\/li>\n<\/ul>\n<\/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-d75240b6aa48ba071ededc816f153b9f wp-block-paragraph\" 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-30949d9738304d36f21b0a33fce77747\" style=\"font-size:18px\"><strong>Bitcoin (BTCUSD) :<\/strong> At $64,980, up 0.19%. Bitcoin formed a narrow base around $65,000. As global macro liquidity undergoes repricing, risk appetite remains cautious, resulting in low-volatility sideways movement.<\/li>\n\n\n\n<li><strong>Ethereum (ETHUSD) :<\/strong> At $1,913.65, up 0.24%. Ethereum rebounded slightly in tandem with the broader market, establishing a consolidation base below $1,900. Correlation between crypto assets and traditional high-risk equities remains high.<\/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-95548e1a5527f0e86dd856ed5985bda5 wp-block-paragraph\" style=\"font-size:18px\"><strong>5. \u00c9v\u00e9nements \u00e0 suivre aujourd&#039;hui<\/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-1aa90fa8a800e610dffa513475f02532\" style=\"font-size:18px\">Aucun<\/li>\n<\/ul>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>","protected":false},"excerpt":{"rendered":"<p>On Monday, August 10, 2026, during the early Asian session, the global commodities market exhibited a mild upward trend, driven by macro policies and geopolitical developments. Spot gold traded around $4,346\/oz, primarily influenced by the surprisingly weak US July non-farm payrolls (NFP) report. The softer-than-expected labor market data effectively suppressed market expectations for Fed rate [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":9738,"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":"","_glsr_average":0,"_glsr_ranking":0,"_glsr_reviews":0,"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-9737","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\/9737","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\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/comments?post=9737"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/9737\/revisions"}],"predecessor-version":[{"id":9739,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/9737\/revisions\/9739"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media\/9738"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media?parent=9737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/categories?post=9737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/tags?post=9737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}