{"id":4596,"date":"2026-05-20T18:28:05","date_gmt":"2026-05-20T08:28:05","guid":{"rendered":"https:\/\/www.amillex.com\/?p=4596"},"modified":"2026-05-20T18:28:07","modified_gmt":"2026-05-20T08:28:07","slug":"amillex-daily-market-commentary-inflation-concerns-trigger-rate-hike-expectations-gold-undergoes-sharp-correction-while-crude-oil-holds-firm-support","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/uz\/2026\/05\/20\/amillex-daily-market-commentary-inflation-concerns-trigger-rate-hike-expectations-gold-undergoes-sharp-correction-while-crude-oil-holds-firm-support\/","title":{"rendered":"Amillex kundalik bozor sharhi | Inflyatsiya xavotirlari stavkalarning oshishiga oid kutilmalarni keltirib chiqardi, xom neft esa mustahkam qo&#039;llab-quvvatlashni saqlab turgan bir paytda oltin keskin tuzatishga uchradi\u00a0"},"content":{"rendered":"<p class=\"has-black-color has-text-color has-link-color wp-elements-1 wp-block-paragraph\" style=\"font-size:18px\">2026-yil 20-may kuni global aktivlarni narxlash mantig&#039;i yana bir bor tubdan qattiqlashish trayektoriyasiga o&#039;tdi. Chorshanba kuni Osiyo sessiyasining dastlabki bosqichida oltin narxi 4486,80 AQSh dollari atrofida sotildi, bu deyarli 2% ga tushib ketganidan keyin oldingi savdo kunidagi zaif ko&#039;rsatkichni uzaytirdi va bir vaqtning o&#039;zida ikki oylik eng past ko&#039;rsatkich 4464,85 AQSh dollariga yetdi. Oltin narxlarining bunday keskin tuzatishining asosiy sababi inflyatsiya bilan bog&#039;liq xavotirlar bo&#039;lib, ular avvalgi stavkalarni pasaytirish imkoniyatlarini butunlay siqib chiqardi, buning o&#039;rniga yil davomida Federal rezerv stavkalarining oshishiga bo&#039;lgan umidlarni oshirdi. AQSh G&#039;aznachilik daromadlari keskin o&#039;sib borishi bilan foiz stavkalari svop bozorlari bu yil stavkalarning oshish ehtimolini sezilarli darajada oshirdi. AQSh dollarining kuchli tiklanishi foizli daromad keltirmaydigan qimmatbaho metallarga qisqa muddatli deflyatsiya bosimini keltirib chiqardi.&nbsp;<\/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\">Aksincha, xom neft, xom neft, xom neft, ayiqlar va buqalar o&#039;rtasidagi tortishuvlar fonida kuchliroq barqarorlikni namoyish etdi, AQSh xom nefti hozirda bir barrel uchun 104 AQSh dollariga yaqin darajada saqlanib turibdi. Tegishli ko&#039;p tomonlama muzokaralardagi ijobiy siljishlar ta&#039;minot tanqisligi bilan bog&#039;liq bozorning haddan tashqari xavotirlarini biroz yumshatgan bo&#039;lsa-da va barcha tomonlar barqarorlikni saqlashga tayyor ekanliklarini bildirgan bo&#039;lsalar-da, jismoniy aylanish darajasidagi tarkibiy tanqisliklar neft narxlarini kuchli qo&#039;llab-quvvatlashda davom etmoqda. Umuman olganda, hozirgi ko&#039;p aktivli bozor makro siyosat siklini qayta qurish chorrahasida turibdi. Hali to&#039;liq tiklanmagan yuqori real foiz stavkalari va ta&#039;minot zanjirlari qisqa muddatda keng bozor o&#039;zgaruvchanligining asosiy omili hisoblanadi.&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-3 wp-block-paragraph\" style=\"font-size:18px\"><strong>Aktivlarning samaradorligi va fundamental tahlil<\/strong>&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-black-color has-text-color has-link-color wp-elements-4 wp-block-paragraph\" style=\"font-size:18px\"><strong>1. AQSh fond bozori<\/strong>&nbsp;<\/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>Indeks samaradorligi<\/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-6\" style=\"font-size:18px\"><strong>Dow Jones sanoat o&#039;rtacha ko&#039;rsatkichi (DJI)<\/strong>: 49 368.95 punktda qayd etildi. Kun davomida 0.65% ga pasayib, 322.01 punktga tushdi. Indeks 50 000 punktlik bosqichga yetmasdan oldin foyda olish bosimiga duch keldi, og&#039;ir vaznli aksiyalar esa mahalliy tuzatish bosimiga duch keldi, bu esa bozorning umumiy himoya kayfiyatini aks ettiradi.\u00a0<\/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 indeksi (SP500)<\/strong>: Taxminan 7400 punkt (7.4K) deb xabar qilindi. Kun davomida 5.45 punktga biroz pasayib, 0.07% ga tushdi. Kun ichidagi tor tebranishlarga qaramay, indeks yuqori darajadagi diapazonda qoldi, kapital esa turli sektorlar o&#039;rtasida himoyaviy ravishda aylanib turdi.\u00a0<\/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 indeksi (NQ1!)<\/strong>: 28 908.25 punktda qayd etildi. 16.00 punktga biroz pasayib, 0.06% ga tushdi. Asosiy texnologiya aktivlari tafovutni ko&#039;rsatdi va makroiqtisodiy noaniqlik sharoitida indeks o&#039;zining konsolidatsiya modelini 29 000 punktdan pastda davom ettirdi.\u00a0<\/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>Asosiy aksiyalar<\/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-10\" style=\"font-size:18px\"><strong>Tesla (TSLA)<\/strong>: Kun davomida 1,43% ga pasayib, 404,11 AQSh dollari miqdorida xabar qilindi. Bozor avvalgi mukofotlarni hazm qilganligi sababli, qisqa muddatli texnik tuzatish bosimi paydo bo&#039;lganligi sababli, aksiya narxi 400 AQSh dollari darajasidan yuqori bo&#039;lib o&#039;tdi.\u00a0<\/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>: Kun davomida 0,38% ga o&#039;sib, 298,97 AQSh dollari miqdorida xabar qilindi. U yirik texnologiya aksiyalariga keng bosim ostida kuchli barqarorlikni namoyish etdi va 300 AQSh dollari chegarasiga yaqin aniq himoya xususiyatlarini ko&#039;rsatdi.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-12\" style=\"font-size:18px\"><strong>Intel (INTC)<\/strong>: 110,80 AQSh dollari miqdorida xabar qilindi, bu trendga nisbatan 2,43% ga oshdi. Sanoatning asosiy ko&#039;rsatkichlari bo&#039;yicha yaxshilangan kutilmalar yoki mahalliy kapital oqimlaridan foydalangan holda, u kun davomida texnologiya sektorida xavfsiz boshpana bo&#039;ldi.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-13\" style=\"font-size:18px\"><strong>Amazon (AMZN) va Google (GOOG)<\/strong>: Mos ravishda 259.34 AQSh dollari (-2.08%) va 387.66 AQSh dollari (-2.34%) da yopildi. Katta kapitallashuvli o&#039;sish aktsiyalari pasayishlarga olib keldi, bu esa &quot;uzoqroq vaqt uchun yuqori&quot; foiz stavkalari makro kutilishi ostida yuqori qiymatli aktivlardan mahalliy likvidlik oqimini aks ettiradi.\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-14 wp-block-paragraph\" style=\"font-size:18px\"><strong>2. Valyuta bozori<\/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-15\" style=\"font-size:18px\"><strong>AQSh dollari indeksi (DXY)<\/strong>Hozirda 99.328 da qayd etilgan. Kun davomida 0.02% ga biroz ko&#039;tarildi. Dollar 99 chegarasidan yuqori bo&#039;lgan yuqori darajadagi konsolidatsiyani saqlab qoldi. Kuchliroq yuqoriga ko&#039;tarilish uchun katalizatorlar bo&#039;lmasa-da, AQShdan tashqari iqtisodiyotlardagi zaif fundamental ko&#039;rsatkichlar indeks uchun qisqa muddatli mustahkam qo&#039;llab-quvvatlashni ta&#039;minlashda davom etdi.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-16\" style=\"font-size:18px\"><strong>EUR\/USD (EURUSD)<\/strong>: 1.16054 da xabar qilingan. Kun davomida o&#039;zgarishsiz qoldi (0.00%). Yevro 1.16 darajasiga yaqin joyda saqlanib qoldi, Yevropa iqtisodiy o&#039;sish sur&#039;ati yetarli emasligi tiklanish potentsialini cheklab qo&#039;ydi, bozor esa yangi makroiqtisodiy ma&#039;lumotlar bo&#039;yicha ko&#039;rsatmalarni kutmoqda.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-17\" style=\"font-size:18px\"><strong>USD\/JPY (USDJPY)<\/strong>: 159.078 da xabar qilingan. Kun davomida o&#039;zgarishsiz qoldi. Yenga nisbatan amortizatsiya bosimi sezilarli darajada pasayishni ko&#039;rsatmadi, valyuta kursi 160 ning muhim psixologik darajasiga yaqinlashishda davom etmoqda. Og&#039;zaki aralashuv kutilgan natijalar mavjud bo&#039;lsa-da, AQSh-Yaponiya foiz stavkalari farqi sezilarli darajada kamaymaguncha, carry trades faol bo&#039;lib qolmoqda.\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-18 wp-block-paragraph\" style=\"font-size:18px\"><strong>3. Qimmatbaho metallar va tovarlar<\/strong>&nbsp;<\/p>\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>Qimmatbaho metallar<\/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-20\" style=\"font-size:18px\"><strong>Spot oltin (XAUUSD)<\/strong>: Bir untsiya uchun 4489,83 AQSh dollari miqdorida xabar qilingan. Kun davomida 7,94 AQSh dollariga ko&#039;tarilib, 0,18% ga oshdi. Oltin narxlari 4500 AQSh dollari darajasidan pastda kuchli barqarorlikni ko&#039;rsatdi. Geosiyosiy noaniqliklar va global makro siyosatdagi potentsial xavflar oltin va boshqa qattiq valyuta aktivlariga xavfsiz kapital oqimini rag&#039;batlantirishda davom etmoqda.\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-21 wp-block-paragraph\" style=\"font-size:18px\"><strong>Tovarlar<\/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-22\" style=\"font-size:18px\"><strong>WTI xom nefti (XTIUSD)<\/strong>: Bir barrel uchun 107,37 AQSh dollari miqdorida baholandi. Kun davomida 0,28 punktga pasayib, 0,26% ga tushdi. Neft narxlari 100 AQSh dollaridan oshib ketganidan keyin yuqori darajada o&#039;zgarib turdi. Global iqtisodiy o&#039;sishning sekinlashishi talab istiqbollarining bir qismini bostirsa-da, Yaqin Sharqda va yirik neft ishlab chiqaruvchi mamlakatlarda ta&#039;minot sohasidagi uzilishlar xom neftni uch xonali diapazonda ushlab turishda davom etdi.\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=\"wp-block-paragraph\" style=\"font-size:18px\"><strong>4. Kripto aktivlari va makro dinamika<\/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-23\" style=\"font-size:18px\"><strong>Bitcoin (BTCUSD)<\/strong>: 76 512 AQSh dollari miqdorida xabar qilingan. Kun davomida 0.32% ga pasayib, 245 AQSh dollariga tushdi. Yaqinda foyda keltirgan faoliyatdan so&#039;ng, Bitcoin hozirda 76 000 AQSh dollari darajasiga yaqin bosqichma-bosqich texnik yordam izlamoqda va kun ichidagi zaif konsolidatsiyani ko&#039;rsatmoqda.\u00a0<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-24\" style=\"font-size:18px\"><strong>Ethereum (ETHUSD)<\/strong>: 2103,84 AQSh dollari miqdorida xabar qilingan. Kun davomida 6,22 AQSh dollariga pasayib, 0,29% ga tushdi. Yaqinda xavfdan qochish kayfiyati kuchayganligi sababli, kapital an&#039;anaviy qattiq valyuta yoki AQSh dollari aktivlariga oqib o&#039;tishga moyil bo&#039;lib, raqamli aktivlarning umumiy jozibadorligini vaqtincha zaiflashtirdi.\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=\"wp-block-paragraph\" style=\"font-size:18px\"><strong>5. Bugungi diqqat markazida<\/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-25\" style=\"font-size:18px\">Buyuk Britaniyaning aprel oyidagi iste&#039;mol narxlari indeksi (CPI) yillik ko&#039;rsatkichi<\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>On May 20, 2026, the global asset pricing logic once again shifted fundamentally toward a tightening trajectory. During Wednesday\u2019s early Asian session, spot gold traded near USD 4,486.80, extending the weak performance from the&nbsp;previous&nbsp;trading day after plunging&nbsp;nearly 2%, and at one point touching a near two-month low of USD 4,464.85. The core driver behind this [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":4594,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_front_end_style_editor":"no","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-4596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news","entry","has-media"],"_links":{"self":[{"href":"https:\/\/www.amillex.com\/uz\/wp-json\/wp\/v2\/posts\/4596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amillex.com\/uz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amillex.com\/uz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/uz\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/uz\/wp-json\/wp\/v2\/comments?post=4596"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/uz\/wp-json\/wp\/v2\/posts\/4596\/revisions"}],"predecessor-version":[{"id":4597,"href":"https:\/\/www.amillex.com\/uz\/wp-json\/wp\/v2\/posts\/4596\/revisions\/4597"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/uz\/wp-json\/wp\/v2\/media\/4594"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/uz\/wp-json\/wp\/v2\/media?parent=4596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/uz\/wp-json\/wp\/v2\/categories?post=4596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/uz\/wp-json\/wp\/v2\/tags?post=4596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}