ABD Dolar Endeksi (DXY), Cuma g\u00fcn\u00fc 98,00 civar\u0131nda iki haftan\u0131n en d\u00fc\u015f\u00fck seviyesine gerileyerek \u00f6nceki g\u00fcne ait kay\u0131plar\u0131n\u0131 s\u00fcrd\u00fcrd\u00fc. Gelecek hafta odakta, Pakistan\u2019\u0131n arabuluculu\u011funda y\u00fcr\u00fct\u00fclen ABD-\u0130ran g\u00f6r\u00fc\u015fmeleri ve ABD istihdam verileri (zirvede Tar\u0131m D\u0131\u015f\u0131 \u0130stihdam raporu) yer al\u0131yor.<\/p>\n
Cuma g\u00fcn\u00fc, \u0130\u015f\u00e7i Bayram\u0131 (Labour Day) nedeniyle piyasalar k\u0131smen kapal\u0131 oldu\u011fundan veri takvimi sakindi. Ancak ABD ISM \u0130malat PMI 52,7 ile 53 beklentisinin alt\u0131nda kald\u0131. (PMI: Sat\u0131n alma y\u00f6neticileri endeksi; 50\u2019nin \u00fczeri imalatta b\u00fcy\u00fcmeye i\u015faret eder.) B\u00fcy\u00fck merkez bankalar\u0131, enflasyon bask\u0131lar\u0131 y\u00fcksek kalmaya devam etti\u011fi i\u00e7in \u201c\u015fahin\u201d bir duru\u015f sergilemeyi s\u00fcrd\u00fcrd\u00fc. (\u201c\u015eahin\u201d: Enflasyonla m\u00fccadele i\u00e7in faizleri y\u00fcksek tutmaya e\u011filimli politika.)<\/p>\n
\u0130ran, ABD ile g\u00f6r\u00fc\u015fmelere arabuluculuk yapan Pakistan\u2019a yeni bir m\u00fczakere \u00f6nerisi g\u00f6nderdi, ancak ayr\u0131nt\u0131lar payla\u015f\u0131lmad\u0131. \u0130ran D\u0131\u015fi\u015fleri Bakan\u0131, Suudi Arabistan, Katar, T\u00fcrkiye, Irak ve Azerbaycan\u2019daki mevkida\u015flar\u0131yla telefon g\u00f6r\u00fc\u015fmeleri yapt\u0131.<\/p>\n
ECB\u2019nin (Avrupa Merkez Bankas\u0131) faizleri de\u011fi\u015ftirmemesi sonras\u0131 EUR\/USD 1,1780\u2019e yakla\u015ft\u0131. (EUR\/USD: Euro\u2019nun ABD dolar\u0131 kar\u015f\u0131s\u0131ndaki de\u011feri.) ABD ise AB men\u015feli otomobil ve kamyon tarifelerinin (ithalat vergisi) %15\u2019ten %25\u2019e \u00e7\u0131kar\u0131laca\u011f\u0131n\u0131 a\u00e7\u0131klad\u0131. Sterlin\/dolar (GBP\/USD) ABD dolar\u0131ndaki zay\u0131flama ile 1,3630 civar\u0131na y\u00fckseldi.<\/p>\n
USD\/JPY, Japonya\u2019n\u0131n piyasaya m\u00fcdahalesi (yen al\u0131p dolar satma gibi ad\u0131mlarla kur hareketine kar\u015f\u0131 \u00e7\u0131kma) sonras\u0131 160,00\u2019tan 156,60\u2019a gerilemesinin ard\u0131ndan yatay seyretti. Tokyo T\u00dcFE (CPI) Taze G\u0131da Hari\u00e7 1,9 ile \u00f6nceki 2,3\u2019\u00fcn alt\u0131nda kald\u0131; man\u015fet T\u00dcFE 1,5 ile 1,4\u2019\u00fcn \u00fczerine \u00e7\u0131kt\u0131. (T\u00dcFE\/CPI: T\u00fcketici fiyat endeksi, enflasyonu \u00f6l\u00e7er.)<\/p>\n
AUD\/USD, Sal\u0131 g\u00fcnk\u00fc RBA (Avustralya Merkez Bankas\u0131) karar\u0131 \u00f6ncesi 0,7220\u2019ye yakla\u015ft\u0131. Avustralya \u00dcFE (PPI) 3% ile 3,5% \u00f6nceki seviyenin alt\u0131nda geldi. (\u00dcFE\/PPI: \u00dcretici fiyat endeksi; maliyet bask\u0131lar\u0131n\u0131 g\u00f6sterir.) Alt\u0131n 4.630 dolar civar\u0131ndayken, WTI ham petrol varil ba\u015f\u0131na 98,50 dolara do\u011fru geriledi. (WTI: ABD tipi ham petrol g\u00f6stergesi.)<\/p>\n
4\u20138 May\u0131s haftas\u0131nda; ECB ve Fed (ABD Merkez Bankas\u0131) yetkililerinden konu\u015fmalar, RBA karar\u0131, ABD ISM Hizmetler verisi (hizmetler sekt\u00f6r\u00fc aktivitesi), JOLTS (a\u00e7\u0131k i\u015f say\u0131s\u0131 verisi), ADP (\u00f6zel sekt\u00f6r istihdam tahmini), haftal\u0131k i\u015fsizlik maa\u015f\u0131 ba\u015fvurular\u0131 ve ABD Tar\u0131m D\u0131\u015f\u0131 \u0130stihdam (NFP) raporu izlenecek. (NFP: Tar\u0131m d\u0131\u015f\u0131 sekt\u00f6rlerde istihdam de\u011fi\u015fimi.) API ve EIA\u2019n\u0131n (ABD petrol stok verileri a\u00e7\u0131klayan kurumlar) stok g\u00fcncellemeleri \u00e7o\u011fu zaman birbirine yak\u0131n seyreder; yakla\u015f\u0131k %75 olas\u0131l\u0131kla %1 band\u0131nda \u00f6rt\u00fc\u015f\u00fcr.<\/p>\n
May\u0131s 2026\u2019ya yakla\u015f\u0131rken piyasa g\u00f6r\u00fcn\u00fcm\u00fc ge\u00e7en y\u0131la g\u00f6re belirgin bi\u00e7imde farkl\u0131. ABD Dolar Endeksi 104,50 civar\u0131nda g\u00fc\u00e7l\u00fc seyrederken, May\u0131s 2025\u2019te g\u00f6r\u00fclen zay\u0131f 98,00 seviyesinden ciddi bir ayr\u0131\u015fma var. Bu g\u00fc\u00e7lenmede, Fed\u2019in faizlerde s\u0131k\u0131 duru\u015funu korumas\u0131 ve piyasan\u0131n beklenenden daha az faiz indirimi fiyatlamas\u0131 etkili g\u00f6r\u00fcn\u00fcyor.<\/p>\n
Ge\u00e7en y\u0131l g\u00fcndemi belirleyen ABD-\u0130ran bar\u0131\u015f g\u00f6r\u00fc\u015fmelerinin etkisi azald\u0131. 2025\u2019in sonlar\u0131na do\u011fru m\u00fczakerelerin t\u0131kanmas\u0131, H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019nda yeniden gerilime yol a\u00e7t\u0131. Bu nedenle WTI ham petrol 105 dolar civar\u0131nda i\u015flem g\u00f6r\u00fcyor; bu, ge\u00e7en y\u0131l anla\u015fma ihtimali belirdi\u011finde 99 dolar\u0131n alt\u0131na ini\u015ften tamamen farkl\u0131 bir tablo. \u201cT\u00fcrev\u201d (vadeli i\u015flem ve opsiyon gibi; fiyat\u0131 ba\u015fka bir varl\u0131\u011fa ba\u011fl\u0131 s\u00f6zle\u015fmeler) i\u015flemi yapanlar\u0131n enerji piyasas\u0131nda oynakl\u0131\u011f\u0131n (fiyat dalgalanmas\u0131n\u0131n) s\u00fcrebilece\u011fini dikkate almas\u0131 gerekir; olas\u0131 bir t\u0131rmanma fiyatlar\u0131 h\u0131zl\u0131 s\u0131\u00e7ratabilir.<\/p>\n
Kur taraf\u0131nda EUR\/USD 1,0720 civar\u0131nda; g\u00fc\u00e7l\u00fc dolar ve Euro B\u00f6lgesi\u2019ndeki ekonomik endi\u015feler bask\u0131 yarat\u0131yor. Bu seviye, 2025\u2019te 1,1780\u2019e y\u00f6nelen y\u00fckseli\u015ften olduk\u00e7a uzak. \u00d6n\u00fcm\u00fczdeki hafta ECB konu\u015fmac\u0131lar\u0131n\u0131n yo\u011fun takvimi, bankan\u0131n tonunda bir de\u011fi\u015fim olup olmad\u0131\u011f\u0131n\u0131 anlamak a\u00e7\u0131s\u0131ndan kritik olacak.<\/p>\n
Benzer \u015fekilde GBP\/USD 1,2550 b\u00f6lgesine \u00e7ekildi; bu hareket geni\u015f \u00e7apl\u0131 dolar g\u00fcc\u00fcn\u00fc yans\u0131t\u0131yor. Ge\u00e7en y\u0131l k\u00fcresel risk i\u015ftah\u0131n\u0131n artaca\u011f\u0131 beklentisiyle pariteyi 1,3600 \u00fczerine ta\u015f\u0131yan iyimserlik belirgin bi\u00e7imde zay\u0131flad\u0131. ABD Tar\u0131m D\u0131\u015f\u0131 \u0130stihdam verisi yak\u0131ndan izlenmeli; g\u00fc\u00e7l\u00fc bir sonu\u00e7 dolar\u0131n \u00fcst\u00fcnl\u00fc\u011f\u00fcn\u00fc peki\u015ftirebilir.<\/p>\n
Japon yeni cephesinde USD\/JPY yeniden 158,00 seviyesini test ediyor. 2025\u2019te bu d\u00f6nemde Japon h\u00fck\u00fcmetinin sert m\u00fcdahalesi pariteyi 160,00 civar\u0131ndan a\u015fa\u011f\u0131 \u00e7ekmi\u015fti. Opsiyon (belirli bir fiyattan alma\/satma hakk\u0131 veren s\u00f6zle\u015fme) i\u015flemi yapanlar, son haftalarda artan s\u00f6zl\u00fc uyar\u0131lar nedeniyle ani bir hareket riskine dikkat etmeli.<\/p>\n
Alt\u0131n \u015fu s\u0131ralar 4.150 dolar civar\u0131nda; ge\u00e7en y\u0131l enflasyon kayg\u0131lar\u0131n\u0131n zirvede oldu\u011fu d\u00f6nemde g\u00f6r\u00fclen 4.630 dolar tepesinden geri geldi. Nisan T\u00dcFE verisinin enflasyonun %2,8\u2019e so\u011fudu\u011funu g\u00f6stermesiyle, \u201cgetiri sa\u011flamayan\u201d (faiz ya da kupon \u00f6demeyen) alt\u0131n\u0131n cazibesi bir miktar azald\u0131. ABD istihdam verilerinin art arda a\u00e7\u0131klanaca\u011f\u0131 d\u00f6nem, bu e\u011filimin s\u00fcr\u00fcp s\u00fcrmeyece\u011fini belirlemede \u00f6nemli olacak.<\/p>\n","protected":false},"excerpt":{"rendered":"
DXY 98\u2019e inerek iki haftan\u0131n dibinde; g\u00f6zler Pakistan arabuluculu\u011funda ABD-\u0130ran g\u00f6r\u00fc\u015fmeleri ve ABD istihdam verilerinde. ISM imalat zay\u0131f, merkez bankalar\u0131 \u015fahin; NFP dolarda y\u00f6n\u00fc belirleyebilir.<\/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-45992","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\/45992","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=45992"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/45992\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=45992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=45992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=45992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}