{"id":31113,"date":"2026-03-25T09:07:27","date_gmt":"2026-03-25T09:07:27","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/orta-dogudaki-gerilimlerin-ortasinda-abd-dolari-guclu-kalirken-usd-chf-asya-islemlerinde-07900e-dogru-yukseliyor\/"},"modified":"2026-03-25T09:07:27","modified_gmt":"2026-03-25T09:07:27","slug":"orta-dogudaki-gerilimlerin-ortasinda-abd-dolari-guclu-kalirken-usd-chf-asya-islemlerinde-07900e-dogru-yukseliyor","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/orta-dogudaki-gerilimlerin-ortasinda-abd-dolari-guclu-kalirken-usd-chf-asya-islemlerinde-07900e-dogru-yukseliyor\/","title":{"rendered":"Orta Do\u011fu\u2019daki gerilimlerin ortas\u0131nda ABD Dolar\u0131 g\u00fc\u00e7l\u00fc kal\u0131rken, USD\/CHF Asya i\u015flemlerinde 0,7900\u2019e do\u011fru y\u00fckseliyor"},"content":{"rendered":"USD\/CHF, \u00c7ar\u015famba g\u00fcn\u00fc Asya i\u015flemlerinde %0,15 y\u00fckselerek yakla\u015f\u0131k 0,7895\u2019e \u00e7\u0131kt\u0131. ABD Dolar\u0131, ABD-\u0130srail-\u0130ran\u2019\u0131 i\u00e7eren Orta Do\u011fu \u00e7at\u0131\u015fmalar\u0131 s\u00fcrerken g\u00fc\u00e7l\u00fc kald\u0131. Dolar\u2019a destek, \u0130ran\u2019\u0131n sava\u015f\u0131 bitirmeye y\u00f6nelik ABD ile do\u011frudan g\u00f6r\u00fc\u015fme yap\u0131ld\u0131\u011f\u0131 iddias\u0131n\u0131 reddetmesiyle de geldi.\n\nABD Dolar Endeksi (DXY), %0,12 art\u0131\u015fla 99,30 civar\u0131na y\u00fckseldi. DXY, dolar\u0131n alt\u0131 b\u00fcy\u00fck para birimi kar\u015f\u0131s\u0131ndaki performans\u0131n\u0131 g\u00f6steren g\u00f6stergedir. Piyasa havas\u0131, ABD Ba\u015fkan\u0131 Donald Trump\u2019\u0131n Tahran\u2019\u0131n sava\u015f\u0131 bitirmeye istekli oldu\u011funu s\u00f6ylemesiyle toparland\u0131. Ancak \u0130ran, do\u011frudan g\u00f6r\u00fc\u015fme yap\u0131ld\u0131\u011f\u0131 iddias\u0131n\u0131 yine reddetti.\n\n<h3>Market Risk Sentiment<\/h3>\nS&#038;P 500 vadeli i\u015flemleri (futures), Asya\u2019da %0,6 y\u00fckseldi. Vadeli i\u015flemler, borsan\u0131n gelecek fiyat\u0131na y\u00f6nelik s\u00f6zle\u015fmelerdir ve genelde piyasa y\u00f6n\u00fcne dair erken sinyal verir. Sal\u0131 g\u00fcnk\u00fc s\u0131n\u0131rl\u0131 d\u00fc\u015f\u00fc\u015f\u00fcn ard\u0131ndan bu hareket, \u201crisk i\u015ftah\u0131n\u0131n artt\u0131\u011f\u0131\u201d (risk-on) bir tabloya i\u015faret etti; yani yat\u0131r\u0131mc\u0131lar daha riskli varl\u0131klara y\u00f6neliyor. Asya borsalar\u0131 da yaz\u0131m s\u0131ras\u0131nda y\u00fckseliyordu.\n\nABD verilerinde, Mart ay\u0131na ili\u015fkin \u00f6nc\u00fc (flash) S&#038;P Global PMI, hizmet sekt\u00f6r\u00fcnde faaliyetin yava\u015flad\u0131\u011f\u0131n\u0131 g\u00f6sterdi. PMI (Sat\u0131n Alma Y\u00f6neticileri Endeksi), \u015firket anketlerinden t\u00fcretilen ve 50\u2019nin \u00fczerinin b\u00fcy\u00fcmeye i\u015faret etti\u011fi bir g\u00f6stergedir. Hizmetlerdeki yava\u015flama, bile\u015fik (Composite) PMI\u2019\u0131 a\u015fa\u011f\u0131 \u00e7ekti. Bu da ABD ekonomisinin baz\u0131 alanlar\u0131nda ivmenin zay\u0131flad\u0131\u011f\u0131na i\u015faret etti.\n\n\u0130svi\u00e7re Frang\u0131 (CHF), \u00e7o\u011fu maj\u00f6r para birimi kar\u015f\u0131s\u0131nda zay\u0131flad\u0131. Reuters\u2019a g\u00f6re \u0130svi\u00e7re Merkez Bankas\u0131 (SNB) Ba\u015fkan\u0131 Martin Schlegel, CHF\u2019nin a\u015f\u0131r\u0131 de\u011fer kazanmas\u0131n\u0131 s\u0131n\u0131rlamak i\u00e7in d\u00f6viz piyasas\u0131na m\u00fcdahaleye (merkez bankas\u0131n\u0131n kur \u00fczerinde etkili olmak i\u00e7in al\u0131m-sat\u0131m yapmas\u0131) daha haz\u0131r olduklar\u0131n\u0131 s\u00f6yledi.\n\n<h3>Central Bank Policy Divergence<\/h3>\nMerkez bankalar\u0131n\u0131n politikalar\u0131 aras\u0131ndaki fark, parite \u00fczerinde belirleyici olmaya devam ediyor. ABD\u2019de \u015eubat 2026 enflasyonu %2,8 ile \u201cinat\u00e7\u0131\u201d (beklenenden yava\u015f gerileyen) seyretti. Bu durum, Fed\u2019in faiz indirimine gitmesini zorla\u015ft\u0131r\u0131yor. \u0130svi\u00e7re\u2019de enflasyon ise %1,2 ile hedefin alt\u0131nda.\n\nFaiz fark\u0131 belirgin: Fed politika faizi %4,50 iken SNB\u2019nin faizi %1,25. Bu \u201cfaiz fark\u0131\u201d (interest rate differential), dolar ta\u015f\u0131may\u0131 (USD tutmay\u0131) franka g\u00f6re daha cazip k\u0131l\u0131yor.\n\nBu g\u00f6r\u00fcn\u00fcmde, USD\/CHF al\u0131m (call) opsiyonu almak \u00f6n\u00fcm\u00fczdeki haftalar i\u00e7in daha temkinli bir se\u00e7enek olabilir. Call opsiyonu, belirli bir tarihe kadar belirli bir fiyattan al\u0131m hakk\u0131 veren s\u00f6zle\u015fmedir; risk, \u00f6denen primle s\u0131n\u0131rl\u0131d\u0131r. 0,9400 civar\u0131nda kullan\u0131m fiyat\u0131 (strike) ve May\u0131s sonu veya Haziran vadeli opsiyonlar, olas\u0131 y\u00fckseli\u015fi hedeflemek i\u00e7in izlenebilir.\n\nZ\u0131mni oynakl\u0131k (implied volatility), yani opsiyon fiyatlar\u0131n\u0131n ima etti\u011fi beklenen dalgalanma, jeopolitik ortam nedeniyle bir miktar y\u00fckseldi. Bu da opsiyonlar\u0131 daha pahal\u0131 hale getiriyor. Daha do\u011frudan risk almak isteyenler i\u00e7in alternatif, 0,9100 alt\u0131ndaki \u201cparan\u0131n d\u0131\u015f\u0131nda\u201d (out-of-the-money) put opsiyonlar\u0131n\u0131 satmak olabilir. Put opsiyonu, belirli bir fiyattan satma hakk\u0131 verir; satmak ise prim geliri sa\u011flar ancak fiyat sert d\u00fc\u015ferse zarar riski b\u00fcy\u00fcr. Bu yakla\u015f\u0131m, g\u00fc\u00e7l\u00fc faiz fark\u0131n\u0131n a\u015fa\u011f\u0131 y\u00f6n\u00fc s\u0131n\u0131rlayaca\u011f\u0131 beklentisine dayan\u0131r.\n\nDaha uzun vadede, USD\/CHF vadeli kontratlarla uzun (long) pozisyon ta\u015f\u0131mak da tercih edilebilir. Vadeli kontrat, gelecekte belirli fiyattan al\u0131m-sat\u0131m anla\u015fmas\u0131d\u0131r. Ayr\u0131ca \u201cpozitif ta\u015f\u0131ma getirisi\u201d (positive carry) \u00f6ne \u00e7\u0131k\u0131yor: ABD ile \u0130svi\u00e7re aras\u0131ndaki faiz fark\u0131 sayesinde pozisyonu ta\u015f\u0131mak ek getiri sa\u011flayabilir; spot fiyattaki art\u0131\u015fa ek bir katk\u0131 yarat\u0131r.\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>Jeopolitik tansiyon ve Fed-SNB faiz fark\u0131 dolar\u0131 destekliyor: USD\/CHF 0,7895\u2019e t\u0131rmand\u0131. Risk i\u015ftah\u0131 artarken SNB m\u00fcdahale sinyali verdi. Opsiyon\/futures stratejileri masada.<\/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-31113","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\/31113","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=31113"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/31113\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=31113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=31113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=31113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}