G\u00fcm\u00fc\u015f Sal\u0131 g\u00fcn\u00fc d\u00fc\u015f\u00fc\u015fle i\u015flem g\u00f6rd\u00fc; 78,20 dolar civar\u0131nda, g\u00fcn i\u00e7inde %1,88 geriledi. Piyasalar, Kevin Warsh\u2019\u0131n ABD Merkez Bankas\u0131 (Fed) ba\u015fkanl\u0131\u011f\u0131 i\u00e7in Senato\u2019daki onay oturumu \u00f6ncesinde temkinliydi.<\/p>\n
Warsh\u2019\u0131n Senato Bankac\u0131l\u0131k Komitesi\u2019nde ifade vermesi bekleniyor. Dikkatler, para politikas\u0131n\u0131 (Fed\u2019in faiz oranlar\u0131 ve likiditeyle ekonomiyi y\u00f6nlendirmesi) nas\u0131l \u015fekillendirece\u011fine \u00e7evrilmi\u015f durumda. Yat\u0131r\u0131mc\u0131lar, Fed\u2019in ba\u011f\u0131ms\u0131zl\u0131\u011f\u0131 (siyasi etkiden uzak karar alma) ve Washington\u2019un ekonomik ajandas\u0131n\u0131n (h\u00fck\u00fcmetin b\u00fcy\u00fcme, enflasyon ve istihdam hedefleri) olas\u0131 etkisine dair sinyaller ar\u0131yor.<\/p>\n
ABD Ba\u015fkan\u0131 Donald Trump, CNBC\u2019ye yapt\u0131\u011f\u0131 a\u00e7\u0131klamada, Warsh\u2019\u0131n g\u00f6reve gelir gelmez faiz indirimine h\u0131zla gitmemesi halinde \u201chayal k\u0131r\u0131kl\u0131\u011f\u0131na u\u011frayaca\u011f\u0131n\u0131\u201d s\u00f6yledi. Bu a\u00e7\u0131klama, para politikas\u0131n\u0131n siyasi bask\u0131 alt\u0131nda kal\u0131p kalmayaca\u011f\u0131na dair endi\u015feleri canl\u0131 tuttu.<\/p>\n
Warsh\u2019\u0131n adayl\u0131\u011f\u0131, daha \u00f6nce g\u00fcm\u00fc\u015fte g\u00f6r\u00fclen fiyat hareketleriyle de ili\u015fkilendiriliyor. Ocak ay\u0131n\u0131n sonlar\u0131nda metal, 121,60 dolar civar\u0131ndaki rekor seviyeyi g\u00f6rd\u00fckten sonra %30\u2019dan fazla gerilemi\u015fti.<\/p>\n
ABD verileri de dolar\u0131 destekleyip de\u011ferli metalleri bask\u0131lad\u0131. Perakende Sat\u0131\u015flar (t\u00fcketicilerin ma\u011faza ve internet \u00fczerinden yapt\u0131\u011f\u0131 harcamalar\u0131n g\u00f6stergesi) martta %1,7 artt\u0131; beklenti %1,4\u2019t\u00fc.<\/p>\n
Piyasalar ayr\u0131ca, Tahran\u2019\u0131n Washington\u2019la yeniden bar\u0131\u015f g\u00f6r\u00fc\u015fmelerine d\u00f6nmeye istekli olabilece\u011fine dair haberlerin ard\u0131ndan ABD-\u0130ran gerilimini izledi. G\u00fcm\u00fc\u015fte bir sonraki hareket, Warsh\u2019\u0131n oturumu, gelecek ABD verileri ve dolar\u0131n y\u00f6n\u00fcne ba\u011fl\u0131 olabilir.<\/p>\n
T\u00fcrev \u00fcr\u00fcn i\u015flemi yapanlar i\u00e7in bu tablo, fiyat \u00fczerinde bask\u0131n\u0131n ve oynakl\u0131\u011f\u0131n (fiyat\u0131n h\u0131zl\u0131 ve sert dalgalanmas\u0131) s\u00fcrebilece\u011fine i\u015faret ediyor. G\u00fcm\u00fc\u015f vadeli i\u015flemlerinde (belirli bir tarihte \u00f6nceden belirlenen fiyattan al\u0131m-sat\u0131m s\u00f6zle\u015fmesi) sat\u0131m opsiyonu almak, mevcut \u201cuzun\u201d pozisyonlar\u0131 (fiyat art\u0131\u015f\u0131 beklentisiyle ta\u015f\u0131nan pozisyon) korumak ya da d\u00fc\u015f\u00fc\u015fe oynamak i\u00e7in bir y\u00f6ntem olabilir. Alternatif olarak, ay\u0131 put spreadi kurmak (bir sat\u0131m opsiyonu al\u0131p daha d\u00fc\u015f\u00fck kullan\u0131m fiyatl\u0131 ba\u015fka bir sat\u0131m opsiyonu satmak; maliyeti d\u00fc\u015f\u00fcr\u00fcr, kazanc\u0131\/zarar\u0131 s\u0131n\u0131rlar) maliyet a\u00e7\u0131s\u0131ndan daha verimli bir korunma stratejisi sunabilir.<\/p>\n
Fed A\u00e7\u0131k Piyasa Komitesi (FOMC: Fed\u2019in faiz kararlar\u0131n\u0131 alan kurul) toplant\u0131lar\u0131 \u00f6ncesinde, g\u00fcm\u00fc\u015f opsiyonlar\u0131nda ima edilen oynakl\u0131\u011f\u0131n (opsiyon fiyat\u0131na yans\u0131yan beklenen dalgalanma) y\u00fcksek kalmas\u0131 muhtemel. Bu durum, opsiyon primi satmay\u0131 hedefleyen stratejilere alan a\u00e7abilir. \u00d6rne\u011fin, fiziki g\u00fcm\u00fc\u015f veya ETF\u2019ler (borsada i\u015flem g\u00f6ren fon) kar\u015f\u0131l\u0131\u011f\u0131nda \u201ccovered call\u201d yazmak (eldeki varl\u0131\u011fa kar\u015f\u0131 al\u0131m opsiyonu satmak; prim geliri sa\u011flar, yukar\u0131 potansiyeli s\u0131n\u0131rlar) de\u011ferlendirilebilir. Ani politika de\u011fi\u015fimleri ihtimali nedeniyle, s\u0131n\u0131rl\u0131 riskli i\u015flemler (zarar\u0131 ba\u015ftan belli olan yap\u0131lar) korumas\u0131z pozisyon ta\u015f\u0131maya g\u00f6re daha temkinli bir yakla\u015f\u0131m olabilir.<\/p>\n","protected":false},"excerpt":{"rendered":"
G\u00fcm\u00fc\u015f 78,20 dolara gerileyip %1,88 d\u00fc\u015ft\u00fc: Piyasa, Fed ba\u015fkan aday\u0131 Warsh\u2019\u0131n Senato mesajlar\u0131na kilitlendi. Trump\u2019\u0131n faiz indirimi bask\u0131s\u0131, g\u00fc\u00e7l\u00fc ABD verileri ve dolar, metalleri bask\u0131l\u0131yor. Opsiyonlarda koruma \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-45129","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\/45129","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=45129"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/45129\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=45129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=45129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=45129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}