{"id":30445,"date":"2026-03-16T21:01:34","date_gmt":"2026-03-16T21:01:34","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/fed-verileri-abd-uretiminin-aylik-bazda-02-arttigini-kapasite-kullanim-oraninin-ise-sonrasinda-%763te-sabit-kaldigini-gosterdi\/"},"modified":"2026-03-16T21:01:34","modified_gmt":"2026-03-16T21:01:34","slug":"fed-verileri-abd-uretiminin-aylik-bazda-02-arttigini-kapasite-kullanim-oraninin-ise-sonrasinda-%763te-sabit-kaldigini-gosterdi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/fed-verileri-abd-uretiminin-aylik-bazda-02-arttigini-kapasite-kullanim-oraninin-ise-sonrasinda-%763te-sabit-kaldigini-gosterdi\/","title":{"rendered":"Fed verileri, ABD \u00fcretiminin ayl\u0131k bazda %0,2 artt\u0131\u011f\u0131n\u0131, kapasite kullan\u0131m oran\u0131n\u0131n ise sonras\u0131nda %76,3\u2019te sabit kald\u0131\u011f\u0131n\u0131 g\u00f6sterdi."},"content":{"rendered":"ABD\u2019de sanayi \u00fcretimi, Ocak\u2019taki %0,7 art\u0131\u015f\u0131n ard\u0131ndan \u015eubat\u2019ta ayl\u0131k bazda %0,2 y\u00fckseldi. ABD Merkez Bankas\u0131\u2019na (Fed) g\u00f6re kapasite kullan\u0131m oran\u0131 %76,3 oldu; revize edilen Ocak verisiyle ayn\u0131 seviyede kald\u0131.\n\n\u015eubat\u2019ta ana piyasa gruplar\u0131nda g\u00f6r\u00fcn\u00fcm kar\u0131\u015f\u0131kt\u0131. Dayan\u0131kl\u0131 t\u00fcketim mallar\u0131 \u00fcretimi %0,4 artt\u0131. Art\u0131\u015fta otomotiv \u00fcr\u00fcnleri, beyaz e\u015fya, mobilya, hal\u0131 ve \u00e7e\u015fitli \u00fcr\u00fcnlerdeki y\u00fckseli\u015f etkili oldu.\n\n<h3>T\u00fcketim Mallar\u0131 \u00dcretim Da\u011f\u0131l\u0131m\u0131<\/h3>\nDayan\u0131ks\u0131z t\u00fcketim mallar\u0131 endeksi %0,1 geriledi. Enerji d\u0131\u015f\u0131 kalemler %0,3 artarken, enerji kalemi %1,4 d\u00fc\u015ft\u00fc.\n\nVeri sonras\u0131 ABD Dolar Endeksi (DXY) 99,96 civar\u0131na geriledi. D\u00f6rt g\u00fcn \u00fcst \u00fcste y\u00fckseli\u015fin ard\u0131ndan endeks 100,54\u2019e kadar \u00e7\u0131km\u0131\u015ft\u0131; bu seviye en son May\u0131s 2025\u2019te g\u00f6r\u00fclm\u00fc\u015ft\u00fc.\n\nSanayi \u00fcretimi art\u0131\u015f\u0131n\u0131n %0,7\u2019den %0,2\u2019ye yava\u015flamas\u0131, Fed i\u00e7in \u00f6nemli bir sinyal. Bu so\u011fuma, ge\u00e7en haftaki Tar\u0131m D\u0131\u015f\u0131 \u0130stihdam (tar\u0131m sekt\u00f6r\u00fc hari\u00e7 istihdam art\u0131\u015f\u0131) raporunda \u00fccret art\u0131\u015f\u0131n\u0131n son bir y\u0131l\u0131n en yava\u015f seviyesine indi\u011fini g\u00f6steren veriyle birle\u015fince, ek parasal s\u0131k\u0131la\u015ft\u0131rma (faiz art\u0131r\u0131m\u0131 ve finansal ko\u015fullar\u0131 zorla\u015ft\u0131ran ad\u0131mlar) bask\u0131s\u0131n\u0131 azalt\u0131yor. Yat\u0131r\u0131mc\u0131lar\u0131n \u00f6n\u00fcm\u00fczdeki haftalarda merkez bankas\u0131ndan daha \u201cg\u00fcvercin\u201d (faiz art\u0131\u015f\u0131na daha az istekli) bir s\u00f6ylem beklemesi olas\u0131.\n\nABD Dolar Endeksi\u2019nin 100,54 seviyesinden geri \u00e7ekilmesinin s\u00fcrmesi muhtemel. Veriler, dolar\u0131 destekleyen ekonomik \u00fcst\u00fcn performans\u0131n zay\u0131flad\u0131\u011f\u0131na i\u015faret ediyor. Dolar bazl\u0131 ETF\u2019lerde (Borsa Yat\u0131r\u0131m Fonu) sat\u0131m opsiyonu (put: fiyat d\u00fc\u015f\u00fc\u015f\u00fcne kar\u015f\u0131 getirisi artan opsiyon) almak ya da euro al\u0131m opsiyonunda (call: fiyat y\u00fckseli\u015fine kar\u015f\u0131 getirisi artan opsiyon) uzun pozisyon a\u00e7mak, olas\u0131 d\u00fc\u015f\u00fc\u015fe y\u00f6nelik se\u00e7enekler aras\u0131nda.\n\n<h3>Faiz Oynakl\u0131\u011f\u0131 ve T\u00fcrev \u00dcr\u00fcnler<\/h3>\nBu ekonomik \u0131l\u0131mlanma ortam\u0131nda, SOFR (Secured Overnight Financing Rate: ABD\u2019de gecelik teminatl\u0131 fonlama faizi) vadeli i\u015flemleri \u00fczerindeki opsiyonlar (belirli bir fiyattan alma\/satma hakk\u0131 veren s\u00f6zle\u015fmeler) daha cazip hale geliyor. Piyasa ge\u00e7en ay yaza kadar bir faiz art\u0131\u015f\u0131 olas\u0131l\u0131\u011f\u0131n\u0131 %40 civar\u0131nda fiyatlarken, bug\u00fcn bu olas\u0131l\u0131k %15\u2019in alt\u0131na indi. Bu h\u0131zl\u0131 de\u011fi\u015fim, faizlerin yatay ya da daha d\u00fc\u015f\u00fck seyredebilece\u011fi senaryosuna d\u00f6n\u00fck i\u015flemlerin daha olas\u0131 oldu\u011funa i\u015faret ediyor.\n\nHisse endeksi t\u00fcrevlerinde (vadeli i\u015flemler ve opsiyonlar) tablo daha karma\u015f\u0131k. Daha d\u00fc\u015f\u00fck faiz beklentisinin olumlu etkisi, b\u00fcy\u00fcmenin yava\u015flayaca\u011f\u0131 endi\u015fesiyle kar\u015f\u0131 kar\u015f\u0131ya. S&#038;P 500 Mart ba\u015f\u0131ndan bu yana yakla\u015f\u0131k %3 y\u00fckselse de, kapasite kullan\u0131m\u0131n\u0131n yerinde saymas\u0131 \u015firket k\u00e2rl\u0131l\u0131klar\u0131nda zay\u0131fl\u0131k riskine i\u015faret ediyor. Bu belirsizlik, VIX endeksi (piyasa oynakl\u0131\u011f\u0131\/\u201ckorku endeksi\u201d) \u00fczerindeki opsiyonlar\u0131, oynakl\u0131kta olas\u0131 s\u0131\u00e7ramaya kar\u015f\u0131 korunma (hedge: riski dengeleme) amac\u0131yla daha mant\u0131kl\u0131 bir ara\u00e7 haline getiriyor.\n\nEmtia taraf\u0131nda, bu verilerle birlikte ayr\u0131\u015fma bekliyoruz. Daha zay\u0131f dolar, alt\u0131n i\u00e7in destekleyici bir r\u00fczg\u00e2r olabilir; alt\u0131n bu ay zaten %4 y\u00fckseldi. Bu durum, alt\u0131n vadeli i\u015flemlerinde al\u0131m opsiyonlar\u0131n\u0131 potansiyel bir f\u0131rsata d\u00f6n\u00fc\u015ft\u00fcrebilir. Buna kar\u015f\u0131l\u0131k, sanayi \u00fcretimindeki yumu\u015fama bak\u0131r gibi sanayi metallerine talebin zay\u0131flayabilece\u011fine i\u015faret ediyor; bu da d\u00fc\u015f\u00fc\u015f y\u00f6nl\u00fc pozisyonlar\u0131 (ay\u0131 y\u00f6nl\u00fc: fiyat d\u00fc\u015f\u00fc\u015f\u00fc beklentisi) \u00f6ne \u00e7\u0131kar\u0131yor.\n<p>\n\n<p><strong>Hemen i\u015flem yapmaya ba\u015flay\u0131n &#8211; Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in <a href=\"https:\/\/www.vtmarkets.com\/tr\/trade-now\/\">buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>Fed\u2019e kritik sinyal: ABD sanayi \u00fcretimi \u015eubat\u2019ta %0,2\u2019ye yava\u015flad\u0131, kapasite kullan\u0131m\u0131 %76,3\u2019te kald\u0131. DXY 99,96\u2019ya gerilerken g\u00fcvercin beklenti artt\u0131; alt\u0131n destek, bak\u0131r bask\u0131 alt\u0131nda.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-30445","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=30445"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30445\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}