{"id":9993,"date":"2026-08-18T16:24:40","date_gmt":"2026-08-18T06:24:40","guid":{"rendered":"https:\/\/www.amillex.com\/?p=9993"},"modified":"2026-08-18T16:25:06","modified_gmt":"2026-08-18T06:25:06","slug":"amillex-daily-market-review-cooling-inflation-reshapes-rate-cut-expectations-geopolitical-shifts-stir-gold-and-oil-dynamics","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/fr\/2026\/08\/18\/amillex-daily-market-review-cooling-inflation-reshapes-rate-cut-expectations-geopolitical-shifts-stir-gold-and-oil-dynamics\/","title":{"rendered":"Commentaire quotidien d&#039;Amillex sur les march\u00e9s | Le ralentissement de l&#039;inflation modifie les anticipations de baisse des taux\u00a0; les bouleversements g\u00e9opolitiques influencent la dynamique des march\u00e9s de l&#039;or et du p\u00e9trole"},"content":{"rendered":"<p class=\"has-black-color has-text-color has-link-color wp-elements-1 wp-block-paragraph\" style=\"font-size:18px\">Le 18 ao\u00fbt 2026, les march\u00e9s financiers mondiaux oscillaient pr\u00e8s de leurs plus hauts historiques, sous l&#039;effet conjugu\u00e9 des donn\u00e9es macro\u00e9conomiques sur l&#039;inflation et des tensions g\u00e9opolitiques croissantes. Lundi matin, en Asie, le cours de l&#039;or au comptant s&#039;\u00e9tablissait aux alentours de $4\u00a0382 $\/oz. Bien qu&#039;il ait l\u00e9g\u00e8rement recul\u00e9 apr\u00e8s avoir fr\u00f4l\u00e9 la barre des $4\u00a0450 $, les derni\u00e8res donn\u00e9es sur l&#039;inflation am\u00e9ricaine, conformes aux attentes, ont consid\u00e9rablement temp\u00e9r\u00e9 les anticipations du march\u00e9 quant \u00e0 une hausse des taux de la Fed en septembre, incitant les investisseurs \u00e0 tester \u00e0 nouveau des niveaux plus \u00e9lev\u00e9s cette semaine. \u00c0 l&#039;inverse de la vigueur de l&#039;or, le march\u00e9 de l&#039;\u00e9nergie a \u00e9volu\u00e9 avec prudence, le WTI se maintenant autour de $82,40 $\/baril. Si les r\u00e9visions \u00e0 la baisse de la demande par les principales institutions ont limit\u00e9 la hausse du p\u00e9trole, l&#039;escalade des conflits r\u00e9gionaux et l&#039;incertitude croissante concernant les routes maritimes ont continu\u00e9 d&#039;injecter une prime de risque importante dans les mati\u00e8res premi\u00e8res.<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-2 wp-block-paragraph\" style=\"font-size:18px\">\u00c0 l&#039;avenir, le sentiment du march\u00e9 restera tiraill\u00e9 entre les anticipations d&#039;assouplissement mon\u00e9taire et les risques externes impr\u00e9vus. Si la stabilit\u00e9 g\u00e9opolitique se d\u00e9t\u00e9riore davantage, les flux de capitaux vers les valeurs refuges pourraient faire remonter le cours de l&#039;or\u00a0; \u00e0 l&#039;inverse, si la faiblesse de la demande pr\u00e9domine, le p\u00e9trole et les autres mati\u00e8res premi\u00e8res pourraient conna\u00eetre une consolidation plus marqu\u00e9e.<\/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-3 wp-block-paragraph\" style=\"font-size:18px\"><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-4 wp-block-paragraph\" style=\"font-size:18px\"><strong>1. March\u00e9 boursier am\u00e9ricain<\/strong><\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-5 wp-block-paragraph\" 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-6\" style=\"font-size:18px\"><strong>Indice industriel Dow Jones (DJI) :<\/strong> \u00c0 53\u00a0465,36, en baisse de 272,03 points (-0,51%). Apr\u00e8s avoir franchi la barre des 53\u00a0000, l&#039;indice a subi des prises de b\u00e9n\u00e9fices. Les valeurs industrielles traditionnelles et les valeurs de rendement ont \u00e9t\u00e9 sous pression, refl\u00e9tant un repli d\u00e9fensif avant la publication des indicateurs macro\u00e9conomiques.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-7\" style=\"font-size:18px\"><strong>S&amp;P 500 (SP500) :<\/strong> \u00c0 7\u00a0756,95, en hausse de 3,50 points (+0,05%), l&#039;indice a \u00e9volu\u00e9 lat\u00e9ralement pr\u00e8s de ses plus hauts historiques, la divergence entre les g\u00e9ants technologiques compensant la faiblesse des secteurs traditionnels. L&#039;attention reste focalis\u00e9e sur la trajectoire des taux d&#039;int\u00e9r\u00eat de la Fed \u00e0 moyen et long terme et sur la r\u00e9silience des b\u00e9n\u00e9fices des entreprises.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-8\" style=\"font-size:18px\"><strong>Nasdaq 100 (NQ1 !) :<\/strong> \u00c0 30\u00a0108,75, en hausse de 12,75 points (+0,04%). Se stabilisant au-dessus de 30\u00a0000, les valeurs de croissance \u00e0 forte valorisation ont \u00e9t\u00e9 prises dans un bras de fer, les investisseurs dig\u00e9rant l\u2019\u00e9volution des anticipations d\u2019inflation.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-9 wp-block-paragraph\" style=\"font-size:18px\"><strong>Points saillants des actions individuelles<\/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-10\" style=\"font-size:18px\"><strong>Intel (INTC) :<\/strong> \u00c0 $103,49, en hausse de $0,99 (+0,97%). \u00c0 contre-courant de la tendance g\u00e9n\u00e9rale du march\u00e9, cette performance est soutenue par les projets d&#039;expansion des capacit\u00e9s de production de semi-conducteurs en Chine et par l&#039;am\u00e9lioration des structures d&#039;investissement.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-11\" style=\"font-size:18px\"><strong>Apple (AAPL) :<\/strong> \u00c0 $305,59, en baisse de $0,34 (-0,11%). Consolidation au-dessus de $300, avec une relative r\u00e9silience.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-12\" style=\"font-size:18px\"><strong>Amazon (AMZN) :<\/strong> \u00c0 $261,31, en baisse de $1,34 (-0,51%).<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-13\" style=\"font-size:18px\"><strong>Alphabet (GOOG) :<\/strong> \u00c0 $341,45, en baisse de $2,09 (-0,61%).<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-14\" style=\"font-size:18px\"><strong>Tesla (TSLA) :<\/strong> \u00c0 $339,30, en baisse de $2,97 (-0,87%). Un l\u00e9ger repli \u00e0 l&#039;int\u00e9rieur de sa fourchette haute s&#039;explique par des ajustements de valorisation et une dynamique de prix concurrentielle.<\/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-15 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-16\" style=\"font-size:18px\"><strong>Indice du dollar am\u00e9ricain (DXY) :<\/strong> \u00c0 99,565, en baisse de 0,015 (-0,02%). Le dollar s&#039;est n\u00e9goci\u00e9 faiblement pr\u00e8s du support important \u00e0 99,50, alors que les anticipations du march\u00e9 concernant le changement de cap de la politique de la Fed ont atteint un point de saturation, incitant les liquidit\u00e9s \u00e0 se diriger vers des valeurs refuges diversifi\u00e9es.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-17\" style=\"font-size:18px\"><strong>EUR\/USD :<\/strong> \u00c0 1,15813, en hausse de 0,00035 (+0,03%). La paire EUR\/USD a oscill\u00e9 juste en dessous de 1,16, incapable de franchir nettement le seuil haussier malgr\u00e9 la faiblesse du dollar, en raison de la faible dynamique fondamentale de la zone euro.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-18\" style=\"font-size:18px\"><strong>USD\/JPY :<\/strong> \u00c0 159,453, en hausse de 0,020 (+0,01%). Le yen restait sous pression, approchant les 160. Les importants \u00e9carts de rendement entre les taux am\u00e9ricains et japonais continuaient d&#039;alimenter les op\u00e9rations de portage, tandis que les march\u00e9s restaient attentifs \u00e0 toute intervention verbale ou \u00e0 tout changement de politique, m\u00eame subtil.<\/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-19 wp-block-paragraph\" 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-20 wp-block-paragraph\" 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-21\" style=\"font-size:18px\"><strong>Or au comptant (XAUUSD) :<\/strong> \u00c0 4\u00a0431,775\u00a0$\/oz ($4), en hausse de 15,095\u00a0$ (+0,341\u00a0$\/oz), l&#039;or s&#039;est maintenu \u00e0 un niveau \u00e9lev\u00e9, proche de ses plus hauts historiques. Port\u00e9 par les incertitudes g\u00e9opolitiques et les achats r\u00e9guliers des banques centrales, l&#039;or conserve tout son attrait en tant que valeur refuge.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-22\" style=\"font-size:18px\"><strong>Argent au comptant (XAGUSD) :<\/strong> \u00c0 66,3552 $\/oz ($66,3552), en hausse de 0,5707 $ (+0,871 TP3T), l&#039;argent a surperform\u00e9 l&#039;or, port\u00e9 par une combinaison d&#039;achats sp\u00e9culatifs et d&#039;anticipations de reprise de la demande industrielle, pr\u00e9servant ainsi son solide canal haussier.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-23 wp-block-paragraph\" 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-24\" style=\"font-size:18px\"><strong>P\u00e9trole brut WTI (XTIUSD)\u00a0:<\/strong> \u00c0 $84,71\/baril, en baisse de $0,12 (-0,14%). Le brut s&#039;est consolid\u00e9 apr\u00e8s avoir franchi le seuil de $84, refl\u00e9tant un \u00e9quilibre entre les tensions g\u00e9opolitiques sur l&#039;approvisionnement et le ralentissement de la croissance de la demande mondiale.<\/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-25 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-26\" style=\"font-size:18px\"><strong>Bitcoin (BTCUSD) :<\/strong> \u00c0 $64\u00a0388, en baisse de $97 (-0,15%). Le BTC a oscill\u00e9 autour de $64\u00a0000. Face \u00e0 une pr\u00e9f\u00e9rence marqu\u00e9e pour les valeurs refuges traditionnelles comme l&#039;or, les crypto-actifs \u00e0 b\u00eata \u00e9lev\u00e9 ont connu une hausse limit\u00e9e \u00e0 court terme.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-27\" style=\"font-size:18px\"><strong>Ethereum (ETHUSD) :<\/strong> \u00c0 1\u00a0909,33\u00a0TP4T, en baisse de 2,61\u00a0TP4T (-0,141\u00a0TP3T), l\u2019ETH a continu\u00e9 d\u2019afficher une performance inf\u00e9rieure \u00e0 celle du march\u00e9 dans son ensemble, les capitaux se tournant vers les valeurs refuges les plus s\u00fbres, en l\u2019absence d\u2019un catalyseur imm\u00e9diat et \u00e9vident pour sortir de sa phase de consolidation.<\/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-28 wp-block-paragraph\" style=\"font-size:18px\"><strong>5. \u00c9v\u00e9nements cl\u00e9s 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-29\" style=\"font-size:18px\">\u00c9volution du nombre de demandeurs d&#039;emploi au Royaume-Uni<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-30\" style=\"font-size:18px\">Revenus hebdomadaires moyens au Royaume-Uni (3M\/YoY)<\/li>\n<\/ul>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>","protected":false},"excerpt":{"rendered":"<p>On August 18, 2026, global financial markets hovered near record highs amid the dual forces of macro inflation data and evolving geopolitical tensions. In early Asian trading on Monday, spot gold traded near $4,382\/oz. Although gold pulled back after nearly touching the $4,450 mark, the latest US inflation data\u2014which came in line with expectations\u2014significantly cooled [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":9991,"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-9993","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\/9993","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=9993"}],"version-history":[{"count":2,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/9993\/revisions"}],"predecessor-version":[{"id":9998,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/posts\/9993\/revisions\/9998"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media\/9991"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/media?parent=9993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/categories?post=9993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/fr\/wp-json\/wp\/v2\/tags?post=9993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}