EUR\/USD, ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) faizleri de\u011fi\u015ftirmemesinin ard\u0131ndan 1,1670 civar\u0131nda seyretti. Parite g\u00fcn i\u00e7inde %0,48 geriledi; odak 18:30 GMT\u2019de Jerome Powell\u2019\u0131n bas\u0131n toplant\u0131s\u0131nda.<\/p>\n
Fed, ekonominin g\u00fc\u00e7l\u00fc kald\u0131\u011f\u0131n\u0131 ve i\u015fsizlik oran\u0131n\u0131n \u201cson aylarda \u00e7ok az de\u011fi\u015fti\u011fini\u201d s\u00f6yledi. Enflasyonun y\u00fcksek seyretti\u011fini, bunun da \u0130ran sava\u015f\u0131yla ba\u011flant\u0131l\u0131 y\u00fcksek enerji fiyatlar\u0131yla ili\u015fkili oldu\u011funu belirtti.<\/p>\n
FOMC (Fed\u2019in faiz karar\u0131n\u0131 alan kurul), Orta Do\u011fu\u2019daki geli\u015fmelerin ekonomik g\u00f6r\u00fcn\u00fcme dair belirsizli\u011fi art\u0131rd\u0131\u011f\u0131n\u0131 s\u00f6yledi. Kurul, iki hedefini (enflasyonu kontrol etmek ve istihdam\u0131 desteklemek) birlikte de\u011ferlendirece\u011fini belirtti.<\/p>\n
Karar 8\u2019e kar\u015f\u0131 4 oyla \u00e7\u0131kt\u0131; y\u00f6netici Stephen Miran faiz indirimi istedi. Beth Hammack, Neel Kashkari ve Lorie Logan ise metne \u201cgev\u015feme sinyali\u201d (yak\u0131nda faiz indirimine kap\u0131 aralayan ifade) eklenmesine kar\u015f\u0131 oy verdi.<\/p>\n
A\u00e7\u0131klaman\u0131n piyasada \u201cbiraz \u015fahin\u201d (faizlerin daha uzun s\u00fcre y\u00fcksek kalabilece\u011fi alg\u0131s\u0131) g\u00f6r\u00fclmesiyle EUR\/USD 1,1680\u2019in alt\u0131na indi. Tepkide \u00fc\u00e7 \u00fcyenin \u201cgev\u015feme sinyali\u201dne kar\u015f\u0131 \u00e7\u0131kmas\u0131 etkili oldu.<\/p>\n
Fed\u2019in iki hedefi vard\u0131r: fiyat istikrar\u0131 (enflasyonu d\u00fc\u015f\u00fck ve dengeli tutmak) ve azami istihdam. Fed, enflasyon i\u00e7in %2 hedefi izler. Y\u0131lda sekiz kez toplant\u0131 yapar; FOMC toplant\u0131lar\u0131na 12 yetkili kat\u0131l\u0131r.<\/p>\n
Niceliksel gev\u015feme (QE: Fed\u2019in piyasadan tahvil alarak piyasaya para vermesi; kredi ko\u015fullar\u0131n\u0131 gev\u015fetir ve \u00e7o\u011fu zaman dolar\u0131 zay\u0131flat\u0131r) ile niceliksel s\u0131k\u0131la\u015ft\u0131rma (QT: bilan\u00e7o k\u00fc\u00e7\u00fcltme; bunun tersi etkiyle dolar\u0131 destekleme e\u011filimindedir) z\u0131t y\u00f6nl\u00fc ara\u00e7lard\u0131r. QE, 2008 k\u00fcresel finans krizinde kullan\u0131ld\u0131.<\/p>\n
Fed\u2019deki b\u00f6l\u00fcnm\u00fc\u015f oy da\u011f\u0131l\u0131m\u0131, \u00f6zellikle y\u00f6netimde olas\u0131 de\u011fi\u015fim g\u00fcndemdeyken, \u00f6n\u00fcm\u00fczdeki haftalar i\u00e7in belirgin bir belirsizli\u011fe i\u015faret ediyor. Piyasa netlik ararken d\u00f6viz ve faiz piyasas\u0131nda oynakl\u0131\u011f\u0131n (fiyatlar\u0131n h\u0131zl\u0131 ve sert dalgalanmas\u0131n\u0131n) artmas\u0131 beklenebilir. Bu nedenle EUR\/USD\u2019de \u201cstraddle\u201d gibi opsiyon stratejileri (ayn\u0131 vadede hem al\u0131m hem sat\u0131m opsiyonu alarak sert hareketlere oynama) beklenen dalgalanmay\u0131 de\u011ferlendirmek i\u00e7in cazip g\u00f6r\u00fclebilir.<\/p>\n
Fed\u2019in temkinli duru\u015fu anla\u015f\u0131l\u0131r; \u00e7\u00fcnk\u00fc Mart 2026 T\u00fcketici Fiyat Endeksi (T\u00dcFE: t\u00fcketici fiyatlar\u0131ndaki y\u0131ll\u0131k art\u0131\u015f \u00f6l\u00e7\u00fcm\u00fc) %3,1 ile y\u00fcksek kalmaya devam etti ve %2 hedefinin belirgin \u00fczerinde. Son istihdam raporunda 250 bin yeni i\u015f eklenmesi de g\u00fc\u00e7l\u00fc bir tabloya i\u015faret ediyor; bu da Fed \u00fczerinde \u201chemen faiz indir\u201d bask\u0131s\u0131n\u0131 azalt\u0131yor. Bu ortam dolar\u0131 destekleyebilece\u011finden, EUR\/USD\u2019de sat\u0131m opsiyonlar\u0131 (put: kur d\u00fc\u015ferse kazan\u00e7 sa\u011flayan opsiyon) veya vadeli i\u015flemlerle (futures: ileri tarihte belirli fiyattan al\u0131m-sat\u0131m s\u00f6zle\u015fmesi) k\u0131sa pozisyonlar g\u00fcndeme gelebilir.<\/p>\n
Devam eden Orta Do\u011fu gerilimi enerji fiyatlar\u0131n\u0131 yukar\u0131da tutuyor; Brent petrol son d\u00f6nemde varil ba\u015f\u0131na 95 dolar civar\u0131nda i\u015flem g\u00f6rd\u00fc. Bu kal\u0131c\u0131 fiyat bask\u0131s\u0131, kurul i\u00e7indeki daha \u015fahin \u00fcyelerin elini g\u00fc\u00e7lendiriyor. Buna kar\u015f\u0131, enerji fiyatlar\u0131nda yeni s\u0131\u00e7ramalara kar\u015f\u0131 korunmak i\u00e7in (hedge: riski dengelemek\/azaltmak) enerji ETF\u2019lerinde (borsada i\u015flem g\u00f6ren fon) al\u0131m opsiyonlar\u0131 (call: fiyat y\u00fckselirse kazan\u00e7 sa\u011flayan opsiyon) d\u00fc\u015f\u00fcn\u00fclebilir.<\/p>\n
Bu tablo, 2025 boyunca g\u00f6r\u00fclen \u201cpolitika de\u011fi\u015fimi\u201d belirsizli\u011fini and\u0131r\u0131yor; piyasalar her enflasyon verisinde sert \u015fekilde gidip gelmi\u015fti. Fed\u2019de olas\u0131 y\u00f6netim de\u011fi\u015fimi de, 2022\u2019de ba\u015flayan s\u0131k\u0131la\u015ft\u0131rma d\u00f6neminin ilk g\u00fcnlerinden bu yana g\u00f6r\u00fclmeyen yeni bir belirsizlik katman\u0131 yarat\u0131yor. Bu nedenle t\u00fcrev \u00fcr\u00fcn pozisyonlar\u0131n\u0131 (opsiyon, vadeli gibi kald\u0131ra\u00e7l\u0131 ara\u00e7lar) esnek tutmak ve iyi korunmak her zamankinden daha \u00f6nemli.<\/p>\n
Canl\u0131 VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturun<\/a>\u00a0ve\u00a0hemen i\u015flem yapmaya ba\u015flay\u0131n<\/a>. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" Fed faizi sabit tuttu, EUR\/USD 1,1670\u2019e geriledi: As\u0131l fiyatlama \u015fimdi ba\u015fl\u0131yor. \u015eahin alg\u0131, b\u00f6l\u00fcnm\u00fc\u015f oy ve Orta Do\u011fu kaynakl\u0131 enerji bask\u0131s\u0131 Powell sonras\u0131 oynakl\u0131\u011f\u0131 art\u0131rabilir.<\/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-45791","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\/45791","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=45791"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/45791\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=45791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=45791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=45791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}