Almanya\u2019n\u0131n mevsim etkisinden ar\u0131nd\u0131r\u0131lm\u0131\u015f sanayi \u00fcretimi \u015eubat ay\u0131nda ayl\u0131k bazda %0,3 geriledi. Bu seviye, %0,9 art\u0131\u015f beklentisinin alt\u0131nda kald\u0131.<\/p>\n
Veriler, \u015eubat ay\u0131n\u0131 bir \u00f6nceki ayla mevsim etkisinden ar\u0131nd\u0131r\u0131lm\u0131\u015f olarak kar\u015f\u0131la\u015ft\u0131r\u0131yor. Buna g\u00f6re \u00fcretim artmak yerine d\u00fc\u015ft\u00fc.<\/p>\n
Almanya sanayi \u00fcretimi verisi ekonomik b\u00fcy\u00fcme a\u00e7\u0131s\u0131ndan net bir uyar\u0131. \u015eubat\u2019ta ger\u00e7ekle\u015fen -%0,3, beklenen +%0,9 art\u0131\u015f\u0131n tersine, Avrupa\u2019n\u0131n en b\u00fcy\u00fck ekonomisinde belirgin bir yava\u015flamaya i\u015faret ediyor.<\/p>\n
Bu zay\u0131f \u00fcretim verisi, Avrupa Merkez Bankas\u0131 (ECB) i\u00e7in tabloyu zorla\u015ft\u0131r\u0131yor. \u00c7\u00fcnk\u00fc Eurostat verilerine g\u00f6re man\u015fet enflasyon (t\u00fcketici fiyatlar\u0131ndaki genel art\u0131\u015f) Mart\u2019ta %2,7 seviyesinde kalmaya devam etti. B\u00fcy\u00fcmenin yava\u015flamas\u0131, enflasyonun ise y\u00fcksek kalmas\u0131 \u00e7eli\u015fkisi belirsizli\u011fi art\u0131r\u0131r; belirsizlik de genellikle piyasalarda oynakl\u0131\u011f\u0131 (fiyatlar\u0131n daha sert ve s\u0131k dalgalanmas\u0131) y\u00fckseltir. ECB\u2019nin sert faiz art\u0131r\u0131mlar\u0131na (faizleri h\u0131zl\u0131 ve y\u00fcksek \u00f6l\u00e7\u00fcde y\u00fckseltme) gitme ihtimali azal\u0131rken, faiz indirimine (faizleri d\u00fc\u015f\u00fcrme) alan bulmas\u0131 da zorla\u015fabilir.<\/p>\n
Bu g\u00f6r\u00fcn\u00fcmde Alman DAX endeksinde (Almanya\u2019n\u0131n b\u00fcy\u00fck \u015firketlerinden olu\u015fan borsa endeksi) a\u015fa\u011f\u0131 y\u00f6n risk art\u0131yor. DAX vadeli i\u015flemleri (gelecekte belirli fiyattan al\u0131m-sat\u0131m s\u00f6zle\u015fmesi) \u00fczerine May\u0131s ve Haziran vadeli sat\u0131m opsiyonu (put; fiyat d\u00fc\u015ferse kazan\u00e7 sa\u011flayan hak) almak, riski s\u0131n\u0131rl\u0131 bir y\u00f6ntem olabilir. Tarihsel olarak benzer bir beklenti-ger\u00e7ekle\u015fme ayr\u0131\u015fmas\u0131 2025\u2019in sonlar\u0131nda g\u00f6r\u00fclm\u00fc\u015f, ard\u0131ndan endeks bir ay i\u00e7inde %7 d\u00fc\u015f\u00fc\u015f ya\u015fam\u0131\u015ft\u0131.<\/p>\n
Euro da bu veri sonras\u0131 bask\u0131 alt\u0131nda kalabilir. EUR\/USD paritesi (Euro\/dolar kuru) ge\u00e7en hafta 1,0800 seviyesinde tutunmakta zorland\u0131; bu haber sat\u0131\u015f bask\u0131s\u0131n\u0131 art\u0131rabilir. Euro vadeli kontratlarda (gelece\u011fe d\u00f6n\u00fck kur s\u00f6zle\u015fmesi) k\u0131sa pozisyon (fiyat d\u00fc\u015f\u00fc\u015f\u00fcnden kazan\u00e7 hedefleme) ya da paraya yak\u0131n (at-the-money; mevcut kura yak\u0131n kullan\u0131m fiyatl\u0131) sat\u0131m opsiyonlar\u0131yla a\u015fa\u011f\u0131 destek seviyelerinin test edilmesine pozisyon al\u0131nabilir.<\/p>\n
Bu ortam, oynakl\u0131k stratejileri i\u00e7in elveri\u015fli. \u00c7eli\u015fkili makro sinyaller, Avrupa varl\u0131klar\u0131nda dalgal\u0131 fiyat hareketlerini art\u0131rabilir.<\/p>\n
VSTOXX vadeli i\u015flemleri (Euro B\u00f6lgesi oynakl\u0131k endeksi \u00fczerine s\u00f6zle\u015fme) gibi ara\u00e7larla oynakl\u0131k al\u0131nabilir veya b\u00fcy\u00fck Avrupa endekslerinde straddle stratejisi (ayn\u0131 vadede hem al\u0131m hem sat\u0131m opsiyonu alarak y\u00f6n fark etmeksizin sert harekete oynama) tercih edilebilir.<\/p>\n
VT Markets canl\u0131 hesab\u0131n\u0131z\u0131 a\u00e7\u0131n<\/a>\u00a0ve\u00a0i\u015fleme ba\u015flay\u0131n<\/a>\u00a0. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" S\u00fcrpriz fren! Almanya\u2019da sanayi \u00fcretimi \u015eubat\u2019ta %0,3 d\u00fc\u015ft\u00fc; +%0,9 beklenti bo\u015fa \u00e7\u0131kt\u0131. B\u00fcy\u00fcme riski artarken enflasyon bask\u0131s\u0131 ECB\u2019yi s\u0131k\u0131\u015ft\u0131r\u0131yor; DAX, euro ve oynakl\u0131kta sert hareketler kap\u0131da.<\/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-44221","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\/44221","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=44221"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/44221\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=44221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=44221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=44221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}