{"id":30846,"date":"2026-03-20T19:03:48","date_gmt":"2026-03-20T19:03:48","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/ocakta-kanadanin-aylik-perakende-satislari-11-artti-15lik-beklentinin-04-puan-altinda-kaldi\/"},"modified":"2026-03-20T19:03:48","modified_gmt":"2026-03-20T19:03:48","slug":"ocakta-kanadanin-aylik-perakende-satislari-11-artti-15lik-beklentinin-04-puan-altinda-kaldi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/ocakta-kanadanin-aylik-perakende-satislari-11-artti-15lik-beklentinin-04-puan-altinda-kaldi\/","title":{"rendered":"Ocak\u2019ta Kanada\u2019n\u0131n ayl\u0131k perakende sat\u0131\u015flar\u0131 %1,1 artt\u0131; %1,5\u2019lik beklentinin 0,4 puan alt\u0131nda kald\u0131"},"content":{"rendered":"Kanada\u2019n\u0131n perakende sat\u0131\u015flar\u0131 Ocak ay\u0131nda ayl\u0131k bazda %1,1 artt\u0131. Beklenti %1,5\u2019ti.\n\nSonu\u00e7, beklentilerin 0,4 y\u00fczde puan alt\u0131nda kald\u0131. Bu, ay i\u00e7inde perakende sat\u0131\u015f b\u00fcy\u00fcmesinin tahmin edilenden daha zay\u0131f ger\u00e7ekle\u015fti\u011fine i\u015faret ediyor.\n\nOcak ay\u0131ndaki %1,1\u2019lik perakende sat\u0131\u015f art\u0131\u015f\u0131 belirgin bir sapmaya i\u015faret ediyor; bu da Kanadal\u0131 t\u00fcketicinin harcamalar\u0131n\u0131 bekledi\u011fimizden daha fazla k\u0131st\u0131\u011f\u0131n\u0131 g\u00f6steriyor. Ge\u00e7en ay g\u00f6rd\u00fc\u011f\u00fcm\u00fcz beklentilerin alt\u0131ndaki konut ba\u015flang\u0131\u00e7 verilerinin (yeni konut in\u015faat\u0131na ba\u015flama say\u0131s\u0131) ard\u0131ndan bu g\u00f6r\u00fcn\u00fcm, ekonomide so\u011fumaya i\u015faret ediyor. Bu nedenle \u00f6n\u00fcm\u00fczdeki aylarda daha yava\u015f b\u00fcy\u00fcme ortam\u0131n\u0131 dikkate alarak stratejilerimizi g\u00fcncellememiz gerekiyor.\n\nBu veri Kanada dolar\u0131n\u0131 (CAD) do\u011frudan bask\u0131l\u0131yor; \u201cloonie\u201d (Kanada dolar\u0131n\u0131n piyasalardaki takma ad\u0131) bu sabah ABD dolar\u0131 kar\u015f\u0131s\u0131nda 0,7200 seviyesinin alt\u0131na geriledi. \u0130\u00e7 ekonomide yava\u015flama, Kanada Merkez Bankas\u0131\u2019n\u0131n (BoC) \u201c\u015fahin\u201d bir duru\u015f (faiz art\u0131r\u0131m\u0131 veya s\u0131k\u0131 para politikas\u0131na yak\u0131n tutum) sergileme olas\u0131l\u0131\u011f\u0131n\u0131 azalt\u0131r. Kurda olas\u0131 ek zay\u0131flamaya kar\u015f\u0131 USD\/CAD al\u0131m opsiyonu (call: belirli fiyattan alma hakk\u0131) ya da CAD sat\u0131m opsiyonu (put: belirli fiyattan satma hakk\u0131) de\u011ferlendirilebilir.\n\nKanada Merkez Bankas\u0131\u2019n\u0131n olas\u0131 faiz patikas\u0131 daha netle\u015fiyor. Piyasa Eyl\u00fcl\u2019e kadar %50 olas\u0131l\u0131kla faiz indirimi (politika faizinin d\u00fc\u015f\u00fcr\u00fclmesi) fiyatl\u0131yor; bu oran bir ay \u00f6nce yaln\u0131zca %25\u2019ti. Bu, Kanada tahvil vadeli i\u015flemlerinde (faiz ve tahvil fiyat\u0131 \u00fczerine yap\u0131lan standart vadeli s\u00f6zle\u015fmeler) uzun pozisyonlar\u0131 daha cazip k\u0131l\u0131yor; \u00f6rne\u011fin \u00fc\u00e7 ayl\u0131k BAX kontratlar\u0131. Burada temel beklenti, merkez bankas\u0131n\u0131n ekonomiyi desteklemek i\u00e7in (canland\u0131rma ama\u00e7l\u0131) daha erken ad\u0131m atmak zorunda kalabilece\u011fi y\u00f6n\u00fcnde.\n\nHisse taraf\u0131nda t\u00fcketici zay\u0131fl\u0131\u011f\u0131, S&#038;P\/TSX Bile\u015fik Endeksi\u2019ndeki perakendeciler ve ba\u011flant\u0131l\u0131 sekt\u00f6rler i\u00e7in do\u011frudan risk olu\u015fturuyor. S&#038;P\/TSX S\u0131n\u0131rland\u0131r\u0131lm\u0131\u015f \u0130htiyari T\u00fcketim Endeksi (consumer discretionary: zorunlu olmayan t\u00fcketim; dayan\u0131kl\u0131 t\u00fcketim, perakende, e\u011flence gibi) bu \u00e7eyrekte genel piyasan\u0131n %3 gerisinde. Bu endekste ya da perakende a\u011f\u0131rl\u0131kl\u0131 ETF\u2019lerde (borsada i\u015flem g\u00f6ren fon) sat\u0131m opsiyonu almak, olas\u0131 k\u00e2r beklentisi alt\u0131nda kalma riskine (earnings miss: \u015firket k\u00e2r\u0131n\u0131n tahminin alt\u0131nda gelmesi) kar\u015f\u0131 koruma sa\u011flayabilir.\n\n2025\u2019in ikinci yar\u0131s\u0131nda benzer bir yava\u015flama g\u00f6rm\u00fc\u015ft\u00fck; zay\u0131flayan t\u00fcketici verileri, piyasa dalgalanmas\u0131n\u0131n (volatilite: fiyat oynakl\u0131\u011f\u0131) artt\u0131\u011f\u0131 bir d\u00f6nemin \u00f6nc\u00fcs\u00fc olmu\u015ftu. Bu deneyim, piyasa hemen gerilemese bile fiyat hareketlerinin b\u00fcy\u00fcyebilece\u011fine i\u015faret ediyor. Bu nedenle \u201c\u00f6rt\u00fck volatilite\u201d (implied volatility: opsiyon fiyatlar\u0131na yans\u0131yan beklenen oynakl\u0131k) pozisyonlar\u0131m\u0131z\u0131 g\u00f6zden ge\u00e7irmek uygun olabilir; \u00f6rne\u011fin ana endekslerde straddle (ayn\u0131 vadede ayn\u0131 kullan\u0131m fiyatl\u0131 al\u0131m+sat\u0131m opsiyonu birlikte; b\u00fcy\u00fck fiyat hareketinden faydalanmay\u0131 hedefler) stratejisi d\u00fc\u015f\u00fcn\u00fclebilir.\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>Kanada\u2019da perakende sat\u0131\u015flar Ocak\u2019ta %1,1 artarak %1,5 beklentisinin alt\u0131nda kald\u0131: t\u00fcketici frende. CAD 0,7200 alt\u0131na sarkt\u0131; BoC indirimi fiyatlan\u0131yor. Tahvil long, opsiyonla korunma \u00f6ne \u00e7\u0131k\u0131yor.<\/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-30846","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\/30846","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=30846"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30846\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}