{"id":44973,"date":"2026-04-20T06:18:13","date_gmt":"2026-04-20T06:18:13","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/onumuzdeki-hafta-altinda-ralli-mi-dusus-mu\/"},"modified":"2026-04-20T06:18:13","modified_gmt":"2026-04-20T06:18:13","slug":"onumuzdeki-hafta-altinda-ralli-mi-dusus-mu","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/featured\/onumuzdeki-hafta-altinda-ralli-mi-dusus-mu\/","title":{"rendered":"\u00d6n\u00fcm\u00fczdeki Hafta: Alt\u0131nda Ralli mi, D\u00fc\u015f\u00fc\u015f m\u00fc?"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2026\/05\/WMO-17_4-1024x573.webp\" alt=\"\" class=\"wp-image-48069\"\/><\/figure>\n\n\n\n<p><strong>\u00d6ne \u00e7\u0131kanlar<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u0130ran kaynakl\u0131 haber ak\u0131\u015f\u0131 USOil\u2019i (ABD ham petrol\u00fc) sert dalgal\u0131 tutuyor; bu da ABD \u00c7ekirdek PCE (ki\u015fisel t\u00fcketim harcamalar\u0131 \u00e7ekirdek enflasyonu: g\u0131da ve enerji hari\u00e7 enflasyon g\u00f6stergesi) \u00f6ncesinde enflasyon beklentilerini k\u0131r\u0131lganla\u015ft\u0131r\u0131yor.<\/li>\n\n\n\n<li>USDX\u2019in (dolar endeksi: ABD dolar\u0131n\u0131n ba\u015fl\u0131ca para birimleri kar\u015f\u0131s\u0131ndaki g\u00fcc\u00fc) 98,38 civar\u0131nda g\u00fc\u00e7l\u00fc kalmas\u0131 SP500 (S&#038;P 500 hisse endeksi) i\u00e7in ko\u015fullar\u0131 zorla\u015ft\u0131r\u0131yor; BTCUSD (Bitcoin\/dolar) da \u201criskli varl\u0131k\u201d gibi i\u015flem g\u00f6r\u00fcyor.<\/li>\n\n\n\n<li>XAUUSD (alt\u0131n\/ABD dolar\u0131) 2025\u2019teki %65 y\u00fckseli\u015f ve ocak zirvesinden gelen %14 geri \u00e7ekilmenin ard\u0131ndan, s\u00fcregelen \u201crezerv kaymas\u0131\u201d (merkez bankalar\u0131n\u0131n rezerv tercihlerinde alt\u0131na y\u00f6nelmesi) i\u00e7inde hareket ediyor.<\/li>\n\n\n\n<li>ABD Perakende Sat\u0131\u015flar (%1,4 beklenti, \u00f6nceki %0,6) ve \u0130ngiltere T\u00dcFE (y\u0131ll\u0131k t\u00fcketici enflasyonu; %3,3 beklenti, \u00f6nceki %3,0) \u00c7ekirdek PCE \u00f6ncesi faiz beklentilerinin havas\u0131n\u0131 de\u011fi\u015ftirebilir.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<p>Hafta tan\u0131d\u0131k bir tabloyla ba\u015fl\u0131yor. Risk i\u015ftah\u0131 (yat\u0131r\u0131mc\u0131lar\u0131n riskli varl\u0131klara y\u00f6nelme iste\u011fi) toparlanmaya \u00e7al\u0131\u015f\u0131yor, ard\u0131ndan enerji kaynakl\u0131 risk yeniden g\u00fcndemi belirliyor. H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019na dair gerilimin t\u0131rmanmas\u0131yla Brent yakla\u015f\u0131k 96,8 dolara y\u00fckseldi, WTI 90 dolar\u0131n \u00fczerine \u00e7\u0131kt\u0131. USDX ise 98,38\u2019e g\u00fc\u00e7lendi.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Emerging-market currencies weakened as the dollar and oil prices rose after the re-escalation of US-Iran tensions and a standoff in the Strait of Hormuz <a href=\"https:\/\/t.co\/fZDRfxUdtF\">https:\/\/t.co\/fZDRfxUdtF<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/2046047458317254696?ref_src=twsrc%5Etfw\">April 20, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Bu kar\u0131\u015f\u0131m, yat\u0131r\u0131mc\u0131lar\u0131n di\u011fer verileri nas\u0131l okudu\u011funu de\u011fi\u015ftiriyor. Petrol fiyat\u0131ndaki h\u0131zl\u0131 y\u00fckseli\u015f enflasyon endi\u015fesini yeniden \u00f6ne \u00e7\u0131kar\u0131yor. Ayr\u0131ca piyasalar\u0131n, g\u00fc\u00e7l\u00fc bir enflasyon verisini \u201cfaiz indirimi gecikebilir\u201d gerek\u00e7esi olarak g\u00f6rme ihtimalini art\u0131r\u0131yor.<\/p>\n\n\n\n<p>USOil hafta ortas\u0131na kadar y\u00fcksek kal\u0131rsa, piyasalar \u201cge\u00e7ici \u015fok\u201d yerine \u201ckal\u0131c\u0131 enflasyon\u201d (enflasyonun kolay d\u00fc\u015fmemesi) senaryosunu daha fazla fiyatlayabilir.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Alt\u0131n Ayn\u0131 Anda \u0130ki Y\u00f6ne \u00c7ekiliyor<\/h2>\n\n\n\n<p>XAUUSD, haber kaynakl\u0131 stres d\u00f6nemlerinde \u201cg\u00fcvenli liman\u201d (belirsizlikte talep g\u00f6ren varl\u0131k) gibi davran\u0131yor. Ancak enflasyon korkusu y\u00fckseldi\u011finde, artan tahvil faizleri (devlet tahvili getirisi) ve g\u00fc\u00e7lenen dolar ger\u00e7e\u011fiyle de kar\u015f\u0131 kar\u015f\u0131ya kal\u0131yor. Bu y\u00fczden alt\u0131n destekli g\u00f6r\u00fcnebilir ama kesintisiz bir y\u00fckseli\u015f trendine (d\u00fcz \u00e7izgi gibi) girmeyebilir.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Gold fell after vessels came under fire in the Strait of Hormuz at the weekend, renewing fears of energy-supply disruptions <a href=\"https:\/\/t.co\/O01gi9XzJb\">https:\/\/t.co\/O01gi9XzJb<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/2045997058549555592?ref_src=twsrc%5Etfw\">April 19, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>B\u00fcy\u00fck resim h\u00e2l\u00e2 bug\u00fcnk\u00fc hareketi \u00e7er\u00e7eveliyor. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-01-10\/gold-investors-stay-bullish-after-record-rally-in-2025\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">Alt\u0131n 2025\u2019te %65 y\u00fckseldi<\/a>, 53 kez rekor tazeledi ve Ocak 2026\u2019da ons ba\u015f\u0131na 5.598 dolar\u0131 k\u0131sa s\u00fcreli g\u00f6rd\u00fckten sonra yakla\u015f\u0131k 4.795 dolara geriledi. Bu seviye, zirvenin yakla\u015f\u0131k %14 alt\u0131nda.<\/p>\n\n\n\n<p>B\u00f6ylesi bir ralli sonras\u0131 \u201cd\u00fczeltme\u201d (h\u0131zl\u0131 y\u00fckseli\u015fin ard\u0131ndan k\u00e2r sat\u0131\u015flar\u0131yla geri \u00e7ekilme) beklenir. Ayr\u0131ca piyasa likiditesi (al\u0131m-sat\u0131m\u0131n kolayl\u0131\u011f\u0131) azald\u0131\u011f\u0131nda k\u0131sa vadeli sat\u0131c\u0131lar daha h\u0131zl\u0131 ortaya \u00e7\u0131kar.<\/p>\n\n\n\n<p>Rezerv talebi (merkez bankalar\u0131n\u0131n alt\u0131n al\u0131m\u0131) s\u00fcrd\u00fck\u00e7e XAUUSD geri \u00e7ekilmelerde dayan\u0131kl\u0131 kalabilir; ancak USDX g\u00fc\u00e7lenmeye devam ederse y\u00fckseli\u015fler dalgal\u0131 kalabilir.<\/p>\n\n\n\n<p><strong>Uzman analistlerimizin <a href=\"https:\/\/www.vtmarkets.com\/learn\/is-golds-2026-rally-just-getting-started\/?utmsource=WMO\" target=\"_blank\" rel=\"noopener\" title=\"\">2026\u2019da alt\u0131n (XAUUSD) hareketleri<\/a> de\u011ferlendirmesini okuyun.<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Rezerv Kaymas\u0131 H\u00e2l\u00e2 Zemin Olu\u015fturuyor<\/h3>\n\n\n\n<p>Alt\u0131n\u0131n bu on y\u0131l\u0131n \u00f6ne \u00e7\u0131kan i\u015flemi olmas\u0131 tesad\u00fcf de\u011fil. Merkez bankalar\u0131 2022\u20132024 d\u00f6neminde her y\u0131l 1.000 tonun \u00fczerinde al\u0131m yapt\u0131. 2025\u2019te ise 2024\u2019e g\u00f6re %21 d\u00fc\u015f\u00fc\u015fe ra\u011fmen 863,3 ton ek al\u0131m g\u00f6r\u00fcld\u00fc.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">China\u2019s central bank scooped up more gold for its reserves in March as bullion prices came under pressure amid the Iran war <a href=\"https:\/\/t.co\/Yeekem3QhY\">https:\/\/t.co\/Yeekem3QhY<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/2041439995521568876?ref_src=twsrc%5Etfw\">April 7, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Bu tempo, 2010\u20132021 y\u0131ll\u0131k ortalamas\u0131 olan 473 tonun belirgin \u015fekilde \u00fczerinde.<\/p>\n\n\n\n<p>Alt\u0131n, 2025\u2019in sonlar\u0131nda de\u011fer baz\u0131nda ABD Hazine tahvillerini (US Treasuries: ABD devlet tahvilleri) ge\u00e7erek d\u00fcnyan\u0131n en b\u00fcy\u00fck rezerv varl\u0131\u011f\u0131 h\u00e2line geldi.<\/p>\n\n\n\n<p>Bu zemin, geri \u00e7ekilmelerin anlam\u0131n\u0131 de\u011fi\u015ftiriyor. Rezerv y\u00f6neten kurumlar (merkez bankalar\u0131) alt\u0131n\u0131 stratejik varl\u0131k olarak tutmaya devam ettik\u00e7e, d\u00fc\u015f\u00fc\u015fler \u201cyenilgi\u201d de\u011fil \u201csindirme\u201d (y\u00fckseli\u015f sonras\u0131 g\u00fc\u00e7 toplama) gibi g\u00f6r\u00fclebilir.<\/p>\n\n\n\n<p>Makro bask\u0131 (b\u00fcy\u00fcme, enflasyon, faiz gibi b\u00fcy\u00fck ekonomik etkenler) azal\u0131rsa XAUUSD sert d\u00fc\u015fmek yerine yatay seyredebilir; \u00e7\u00fcnk\u00fc yap\u0131sal talep (kal\u0131c\u0131, uzun vadeli talep) ortadan kalkm\u0131\u015f de\u011fil.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Sat\u0131\u015flar \u201cToplu \u00c7\u0131k\u0131\u015f\u201d De\u011fil, Daha \u00c7ok Taktik<\/h3>\n\n\n\n<p>Son sat\u0131\u015flar, daha \u00e7ok anl\u0131k bask\u0131 ya\u015fayan \u00fclkelerde yo\u011funla\u015ft\u0131; b\u00fcy\u00fck stratejik yat\u0131r\u0131mc\u0131lar\u0131n geneline yay\u0131lm\u0131\u015f bir \u201c\u00e7\u0131k\u0131\u015f\u201d g\u00f6r\u00fcnm\u00fcyor. <a href=\"https:\/\/t.co\/Rmc6SvfQ1b\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">T\u00fcrkiye\u2019nin resmi alt\u0131n varl\u0131\u011f\u0131<\/a>, \u0130ran gerilimi s\u0131ras\u0131nda liray\u0131 desteklemek i\u00e7in swap (ge\u00e7ici de\u011fi\u015fim i\u015flemi) ve do\u011frudan sat\u0131\u015flarla martta 131 ton azald\u0131. Rusya da b\u00fct\u00e7e bask\u0131s\u0131n\u0131 (kamu harcamalar\u0131\/gelir dengesindeki zorlanma) kar\u015f\u0131lamak i\u00e7in varl\u0131\u011f\u0131n\u0131 azaltt\u0131.<\/p>\n\n\n\n<p>Bu davran\u0131\u015f basit bir noktaya i\u015faret ediyor: Alt\u0131n, bilan\u00e7olarda \u201cnakde \u00e7evrilebilir de\u011fer\u201d (h\u0131zla paraya d\u00f6n\u00fc\u015ft\u00fcr\u00fclebilen varl\u0131k) olarak duruyor. Kriz an\u0131nda finansman arac\u0131 h\u00e2line geliyor.<\/p>\n\n\n\n<p>Geli\u015fen \u00fclke piyasalar\u0131nda kur bask\u0131s\u0131 (para biriminin de\u011fer kayb\u0131) yay\u0131l\u0131rsa, taktik sat\u0131\u015flar dalgalar h\u00e2linde g\u00f6r\u00fclebilir; ancak finansman bask\u0131s\u0131 azal\u0131nca genelde zay\u0131flar.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Anketler Resmi Rezervlerde Art\u0131\u015f\u0131n S\u00fcrebilece\u011fini G\u00f6steriyor<\/h3>\n\n\n\n<p>Anketler destekleyici. <a href=\"https:\/\/www.gold.org\/goldhub\/research\/central-bank-gold-reserves-survey-2025\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">D\u00fcnya Alt\u0131n Konseyi\u2019nin 2025 anketinde<\/a> kat\u0131l\u0131mc\u0131lar\u0131n %95\u2019i k\u00fcresel resmi alt\u0131n rezervlerinin artmaya devam edece\u011fini bekledi. Bu oran bir \u00f6nceki y\u0131l %81\u2019di.<\/p>\n\n\n\n<p>Rekor d\u00fczeyde %43, kendi rezervlerinin \u00f6n\u00fcm\u00fczdeki 12 ayda artaca\u011f\u0131n\u0131 \u00f6ng\u00f6rd\u00fc. Ayr\u0131ca %73, \u00f6n\u00fcm\u00fczdeki be\u015f y\u0131lda ABD dolar\u0131n\u0131n rezervlerdeki pay\u0131n\u0131n azalmas\u0131n\u0131 bekliyor.<\/p>\n\n\n\n<p>ETF ak\u0131mlar\u0131 (borsada i\u015flem g\u00f6ren fonlara giri\u015f\/\u00e7\u0131k\u0131\u015f) da y\u00fckseli\u015f i\u00e7in alan b\u0131rak\u0131yor. K\u00fcresel alt\u0131n ETF varl\u0131klar\u0131na bu y\u0131l \u015fu ana kadar 700 tonun \u00fczerinde giri\u015f oldu; mevcut d\u00f6ng\u00fc, \u00f6nceki bo\u011fa piyasas\u0131 (uzun soluklu y\u00fckseli\u015f d\u00f6nemi) zirvelerinin h\u00e2l\u00e2 alt\u0131nda.<\/p>\n\n\n\n<p>\u0130ran kaynakl\u0131 belirsizlik s\u00fcrer ve enflasyon \u201cyap\u0131\u015fkan\u201d kal\u0131rsa, her hafta yeni zirve g\u00f6r\u00fclmese bile ak\u0131mlar XAUUSD\u2019yi desteklemeye devam edebilir.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Takip Edilecek Semboller<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>XAUUSD<\/strong> (Alt\u0131n\/ABD dolar\u0131)<\/li>\n\n\n\n<li><strong>USDX<\/strong> (Dolar endeksi)<\/li>\n\n\n\n<li><strong>USOil<\/strong> (ABD ham petrol\u00fc)<\/li>\n\n\n\n<li><strong>SP500<\/strong> (S&#038;P 500 endeksi)<\/li>\n\n\n\n<li><strong>BTCUSD<\/strong> (Bitcoin\/ABD dolar\u0131)<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Yakla\u015fan Geli\u015fmeler<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Tarih<\/strong><\/td><td><strong>Para birimi<\/strong><\/td><td><strong>Veri \/ Etkinlik<\/strong><\/td><td><strong>Beklenti<\/strong><\/td><td><strong>\u00d6nceki<\/strong><\/td><td><strong>Analist notu<\/strong><\/td><\/tr><tr><td>20 Nis<\/td><td>CAD<\/td><td>T\u00dcFE y\/y (y\u0131ll\u0131k enflasyon)<\/td><td>2,30%<\/td><td>2,30%<\/td><td>Sabit bir veri, CAD\u2019in para politikas\u0131 yerine daha \u00e7ok petrol fiyat\u0131na duyarl\u0131 kalmas\u0131na neden olabilir.<\/td><\/tr><tr><td>21 Nis<\/td><td>NZD<\/td><td>T\u00dcFE q\/q (\u00e7eyreklik enflasyon)<\/td><td>0,80%<\/td><td>0,60%<\/td><td>Daha g\u00fc\u00e7l\u00fc veri, hafta sonuna giderken NZD\u2019nin faiz beklentilerine duyarl\u0131l\u0131\u011f\u0131n\u0131 art\u0131rabilir.<\/td><\/tr><tr><td>21 Nis<\/td><td>USD<\/td><td>Perakende Sat\u0131\u015flar m\/m (ayl\u0131k de\u011fi\u015fim)<\/td><td>1,40%<\/td><td>0,60%<\/td><td>G\u00fc\u00e7l\u00fc talep, \u00c7ekirdek PCE \u00f6ncesi enflasyon alg\u0131s\u0131n\u0131 daha sert h\u00e2le getirebilir.<\/td><\/tr><tr><td>21 Nis<\/td><td>USD<\/td><td>Warsh konu\u015fmas\u0131 (ifade)<\/td><td>&#8211;<\/td><td>&#8211;<\/td><td>\u015eahin mesajlar (faiz indirimi yerine s\u0131k\u0131 duru\u015f), tahvil faizlerini y\u00fckseltip USDX\u2019i destekleyebilir.<\/td><\/tr><tr><td>22 Nis<\/td><td>GBP<\/td><td>T\u00dcFE y\/y (y\u0131ll\u0131k enflasyon)<\/td><td>3,30%<\/td><td>3,00%<\/td><td>Kal\u0131c\u0131 y\u00fcksek enflasyon, faiz beklentilerini g\u00fc\u00e7l\u00fc tutup GBP\u2019de dalgalanmay\u0131 art\u0131rabilir.<\/td><\/tr><tr><td>24 Nis<\/td><td>JPY<\/td><td>Ulusal \u00c7ekirdek T\u00dcFE y\/y (g\u0131da\/enerji hari\u00e7)<\/td><td>1,70%<\/td><td>1,60%<\/td><td>Daha s\u0131cak veri, BOJ\u2019un (Japonya Merkez Bankas\u0131) normalle\u015fme ad\u0131mlar\u0131n\u0131 (ola\u011fan politikaya d\u00f6n\u00fc\u015f) g\u00fcndemde tutabilir.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Yakla\u015fan ekonomik verilerin tamam\u0131 i\u00e7in VT Markets\u2019in <\/strong><strong><a href=\"https:\/\/www.vtmarkets.com\/economic-calendar\/?utmsource=WMO\">Ekonomik Takvim<\/a><\/strong><strong> sayfas\u0131na bak\u0131n.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Haftan\u0131n \u00d6ne \u00c7\u0131kan Hareketleri<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Alt\u0131n (XAUUSD)<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2026\/05\/bbdc2fca-310c-444f-8e04-8c2c2df608b2.jpg\" alt=\"\" class=\"wp-image-48073\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Ge\u00e7en hafta spot alt\u0131n <strong>4.809,71 dolar<\/strong> civar\u0131nda, Haziran vadeli kontrat (futures: ileri tarihli al\u0131m-sat\u0131m s\u00f6zle\u015fmesi) ise <strong>4.829,40 dolar<\/strong> yak\u0131n\u0131nda seyretti; USDX g\u00fc\u00e7lenirken petrol s\u0131\u00e7rad\u0131.<\/li>\n\n\n\n<li>Enerji kaynakl\u0131 enflasyon riski s\u00fcrd\u00fck\u00e7e ana senaryo dalgal\u0131 yatay seyir.<\/li>\n\n\n\n<li>Bu i\u015flemde sab\u0131r \u00f6ne \u00e7\u0131k\u0131yor: G\u00fc\u00e7l\u00fc USDX y\u00fckseli\u015fi yava\u015flatabilir, ancak rezerv talebi geri \u00e7ekilmeleri destekleyebilir.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">USDX<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2026\/05\/9da6bdfe-2b53-4c98-8592-7eb80ac9a69f.png\" alt=\"\" class=\"wp-image-48072\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>USDX\u2019in <strong>98,38<\/strong>\u2019e toparlanmas\u0131, H\u00fcrm\u00fcz geriliminin yeniden artmas\u0131 ve ham petrol\u00fcn y\u00fckseli\u015fiyle ayn\u0131 d\u00f6neme denk geldi.<\/li>\n\n\n\n<li>ABD Perakende Sat\u0131\u015flar verisi \u00f6nceki <strong>%0,6<\/strong>\u2019dan sonra <strong>%1,4<\/strong> civar\u0131nda gelirse y\u00fckseli\u015fin devam\u0131 daha olas\u0131.<\/li>\n\n\n\n<li>En net sinyal, varl\u0131klar aras\u0131 (hisse, kripto, emtia) tepkiden gelir: G\u00fc\u00e7l\u00fc USDX \u00e7o\u011fu zaman SP500 ve BTCUSD\u2019de risk i\u015ftah\u0131n\u0131 daralt\u0131r.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">SP500<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2026\/05\/72124ecd-6356-4608-bb80-ceccf2ada833.png\" alt=\"\" class=\"wp-image-48070\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Rahatlama havas\u0131 s\u00fcrerken rekor seviyelere yak\u0131n g\u00f6r\u00fcn\u00fcm korundu; petrol\u00fcn yeniden y\u00fckselmesiyle ivme zay\u0131flad\u0131.<\/li>\n\n\n\n<li>Daha dengeli bir seyir i\u00e7in enflasyon verileri \u00f6ncesinde enerji fiyatlar\u0131n\u0131n so\u011fumas\u0131 gerekiyor.<\/li>\n\n\n\n<li>USDX y\u00fckseli\u015fi durdu\u011funda riskli varl\u0131klar daha iyi performans g\u00f6sterir; g\u00fc\u00e7l\u00fc dolar, y\u00fckseli\u015fleri k\u0131r\u0131lgan b\u0131rak\u0131r.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">BTCUSD<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2026\/05\/88884f15-ecc5-4f60-bb8b-86ead51edb1b.png\" alt=\"\" class=\"wp-image-48071\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>USDX g\u00fc\u00e7lenip petrol riski yeniden \u00f6ne \u00e7\u0131k\u0131nca kripto varl\u0131klar geri \u00e7ekildi.<\/li>\n\n\n\n<li>Daha net bir toparlanma genelde dolar zay\u0131flad\u0131\u011f\u0131nda ve enflasyon endi\u015fesi azald\u0131\u011f\u0131nda gelir.<\/li>\n\n\n\n<li>Risk i\u015ftah\u0131 hisse senetlerinin \u00f6tesine yay\u0131ld\u0131\u011f\u0131nda pozisyonlanma (piyasadaki y\u00f6nl\u00fc a\u011f\u0131rl\u0131k) iyile\u015fir. Bu nedenle USDX y\u00f6n\u00fcyle birlikte SP500\u2019de hareketin devam\u0131n\u0131 izleyin.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">\u00d6zet<\/h2>\n\n\n\n<p>Bu hafta odak yine ayn\u0131 noktada: petrol kaynakl\u0131 enflasyon riski. H\u00fcrm\u00fcz gerilimi ham petrol\u00fc y\u00fcksek tutarsa, yat\u0131r\u0131mc\u0131lar g\u00fc\u00e7l\u00fc verileri \u201cfaiz indirimi gecikebilir\u201d \u015feklinde yorumlayabilir. Bu durum USDX\u2019i destekler, SP500 ve BTCUSD\u2019yi geri \u00e7ekilmelere daha hassas k\u0131lar. XAUUSD ise 2025\u2019teki %65 y\u00fckseli\u015f ve ocak zirvesinden gelen %14 geri \u00e7ekilmeye ra\u011fmen, merkez bankalar\u0131n\u0131n rezerv tercihi nedeniyle zemin bulabilir. Haftan\u0131n ilk tonu ABD Perakende Sat\u0131\u015flar\u2019da (beklenti %1,4; \u00f6nceki %0,6) \u015fekillenecek; ard\u0131ndan ay\u0131n ilerleyen b\u00f6l\u00fcm\u00fcnde \u00c7ekirdek PCE ile enflasyon tart\u0131\u015fmas\u0131 derinle\u015fecek.<\/p>\n\n\n\n<details class=\"wp-block-details is-layout-flow wp-block-details-is-layout-flow\"><summary><strong>Yat\u0131r\u0131mc\u0131 Sorular\u0131<\/strong><\/summary>\n<p><strong>Merkez Bankalar\u0131 Ger\u00e7ekten Alt\u0131ndan \u00c7\u0131k\u0131yor mu?<\/strong><\/p>\n\n\n\n<p>Veriler, toplu \u00e7\u0131k\u0131\u015ftan \u00e7ok al\u0131m h\u0131z\u0131nda yava\u015flamaya i\u015faret ediyor. Merkez bankalar\u0131 2025\u2019te 863,3 ton ald\u0131; bu, 2010\u20132021 ortalamas\u0131 olan 473 tonun olduk\u00e7a \u00fczerinde.<\/p>\n\n\n\n<p><strong>Baz\u0131 \u00dclkeler \u0130ran \u015eokunda Neden Alt\u0131n Satt\u0131?<\/strong><\/p>\n\n\n\n<p>\u00c7\u00fcnk\u00fc alt\u0131n kolay nakde \u00e7evrilebilir ve y\u00fcksek fiyattan bilan\u00e7olarda yer tutar. T\u00fcrkiye\u2019nin varl\u0131\u011f\u0131, liray\u0131 desteklemek amac\u0131yla martta 131 ton azald\u0131.<\/p>\n\n\n\n<p><strong>Bu Hafta En \u00c7ok Neye Bak\u0131lmal\u0131?<\/strong><\/p>\n\n\n\n<p>\u00d6nce USOil\u2019i, sonra USDX\u2019i, ard\u0131ndan \u00c7ekirdek PCE\u2019ye giderken XAUUSD\u2019yi izleyin. Petrol ve USDX birlikte g\u00fc\u00e7l\u00fc kal\u0131rsa, piyasa genelde daha temkinli (riskten ka\u00e7\u0131nan) bir tona d\u00f6ner.<\/p>\n<\/details>\n\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>Piyasalar kritik virajda: H\u00fcrm\u00fcz gerilimi petrol\u00fc s\u0131\u00e7rat\u0131p enflasyon korkusunu b\u00fcy\u00fct\u00fcyor; g\u00fc\u00e7l\u00fc USDX SP500 ve Bitcoin\u2019i s\u0131k\u0131\u015ft\u0131r\u0131yor. Alt\u0131n, d\u00fczeltmeye ra\u011fmen merkez bankas\u0131 al\u0131mlar\u0131yla zemin buluyor.<\/p>\n","protected":false},"author":87,"featured_media":44972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[48,73],"tags":[],"class_list":["post-44973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-week_ahead"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/44973","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=44973"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/44973\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media\/44972"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=44973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=44973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=44973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}