G\u00fcm\u00fc\u015f (XAG\/USD) Cuma g\u00fcn\u00fc 80,70 dolar civar\u0131nda i\u015flem g\u00f6rd\u00fc ve g\u00fcn i\u00e7inde %2,98 y\u00fckseldi. ABD Dolar\u0131\u2019n\u0131n zay\u0131flamas\u0131 ve jeopolitik gerilim s\u0131ras\u0131nda g\u00fcvenli liman varl\u0131klar\u0131na (risk artt\u0131\u011f\u0131nda tercih edilen varl\u0131klar) talep art\u0131\u015f\u0131 g\u00fcm\u00fc\u015f\u00fc destekledi.<\/p>\n
ABD Tar\u0131m D\u0131\u015f\u0131 \u0130stihdam (Nonfarm Payrolls: tar\u0131m d\u0131\u015f\u0131ndaki sekt\u00f6rlerde ayl\u0131k istihdam de\u011fi\u015fimi) Nisan\u2019da 115 bin artt\u0131; 62 bin beklentisinin \u00fczerinde geldi. Mart verisi 178 binden 185 bine revize edildi.<\/p>\n
\u0130\u015fsizlik oran\u0131 %4,3\u2019te kald\u0131. Y\u0131ll\u0131k \u00fccret art\u0131\u015f\u0131 %3,6\u2019ya y\u00fckseldi; %3,8 beklentisinin alt\u0131nda kald\u0131.<\/p>\n
\u0130stihdam verisine ra\u011fmen ABD Dolar\u0131 geriledi. Piyasalar Washington\u2013Tahran aras\u0131nda olas\u0131 bir anla\u015fmaya dair haberler ve hisse senedi piyasalar\u0131nda (equity markets) risk i\u015ftah\u0131n\u0131n artmas\u0131na odakland\u0131.<\/p>\n
H\u00fcrm\u00fcz Bo\u011faz\u0131 (Strait of Hormuz) yak\u0131nlar\u0131nda yeni sald\u0131r\u0131 haberleri sonras\u0131 dikkat Orta Do\u011fu\u2019da kald\u0131. ABD ve \u0130ran medyas\u0131 patlamalar ve kar\u015f\u0131l\u0131kl\u0131 ate\u015f edildi\u011fini bildirdi; bu durum, \u00e7at\u0131\u015fman\u0131n daha da b\u00fcy\u00fcyebilece\u011fi endi\u015fesini art\u0131rd\u0131.<\/p>\n
Bu tablo de\u011ferli metalleri destekledi. Ayr\u0131ca zay\u0131f Dolar, dolar cinsinden emtialar\u0131 (commodity: ham madde) yurtd\u0131\u015f\u0131 al\u0131c\u0131lar i\u00e7in daha ucuz hale getirebildi\u011fi i\u00e7in g\u00fcm\u00fc\u015fe ek destek sa\u011flad\u0131.<\/p>\n
T\u00fcrev \u00fcr\u00fcn i\u015flemleri yapanlar i\u00e7in (derivative: de\u011feri ba\u015fka bir varl\u0131\u011fa ba\u011fl\u0131 s\u00f6zle\u015fme) bu, z\u0131mni oynakl\u0131\u011f\u0131n (implied volatility: opsiyon fiyatlar\u0131na yans\u0131yan beklenen dalgalanma) H\u00fcrm\u00fcz krizindeki zirvelere k\u0131yasla sert d\u00fc\u015fmesi anlam\u0131na geliyor. 2025 d\u00f6nemine ait opsiyon fiyatlamas\u0131 (options pricing: al\u0131m\/sat\u0131m opsiyonlar\u0131n\u0131n fiyat\u0131) oynakl\u0131\u011f\u0131n \u00e7ok y\u0131ll\u0131k zirvelere yak\u0131n oldu\u011funu, bu nedenle put ve call al\u0131m\u0131n\u0131n (put: satma hakk\u0131, call: alma hakk\u0131) \u00e7ok pahal\u0131la\u015ft\u0131\u011f\u0131n\u0131 g\u00f6steriyordu. \u015eimdi daha d\u00fc\u015f\u00fck oynakl\u0131ktan faydalanan stratejiler \u00f6ne \u00e7\u0131k\u0131yor: eldeki fiziki pozisyona kar\u015f\u0131 kapal\u0131 call satmak (covered call: elde varl\u0131k varken call sat\u0131\u015f\u0131) veya prim geliri toplamak i\u00e7in kredi spreadi kurmak (credit spread: ayn\u0131 vadede farkl\u0131 kullan\u0131m fiyatl\u0131 opsiyonlarla, net prim al\u0131nan strateji).<\/p>\n
\u00d6n\u00fcm\u00fczdeki haftalarda Nisan 2026 Tar\u0131m D\u0131\u015f\u0131 \u0130stihdam verisi yak\u0131ndan izlenecek. Bu y\u0131l benzer bir s\u00fcrpriz art\u0131\u015f, dolar\u0131n y\u00fckselmesine ve g\u00fcm\u00fc\u015f \u00fczerinde ilave a\u015fa\u011f\u0131 y\u00f6nl\u00fc bask\u0131ya yol a\u00e7abilir. Piyasan\u0131n tepkisi de\u011fi\u015fti\u011fi i\u00e7in, pozisyonlar\u0131n beklenenden g\u00fc\u00e7l\u00fc ekonomik performans riskine kar\u015f\u0131 korunmas\u0131 (hedge: riskten korunma) gerekiyor.<\/p>\n
VT Markets canl\u0131 hesab\u0131n\u0131z\u0131 olu\u015fturun<\/a>\u00a0ve\u00a0hemen i\u015flem yapmaya ba\u015flay\u0131n<\/a>. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" G\u00fcm\u00fc\u015f XAG\/USD 80,70 dolara \u00e7\u0131karak %2,98 y\u00fckseldi. Zay\u0131f dolar ve H\u00fcrm\u00fcz gerilimi g\u00fcvenli liman al\u0131m\u0131n\u0131 art\u0131rd\u0131. NFP g\u00fc\u00e7l\u00fc gelse de dolar d\u00fc\u015ft\u00fc; d\u00fc\u015f\u00fck oynakl\u0131kta covered call\/credit spread \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-46485","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\/46485","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=46485"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/46485\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=46485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=46485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=46485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}