ABD Dolar\u0131, Sal\u0131 g\u00fcn\u00fc di\u011fer b\u00fcy\u00fck para birimlerinden daha iyi performans g\u00f6stermesinin ard\u0131ndan \u00c7ar\u015famba g\u00fcn\u00fc erken saatlerde s\u0131n\u0131rl\u0131 y\u00fckseldi. Piyasalar, Euro B\u00f6lgesi\u2019nin revize edilmi\u015f ilk \u00e7eyrek GSYH verisini, ard\u0131ndan ABD\u2019nin nisan \u00dcretici Fiyat Endeksi (\u00dcFE) verisini izlemeye haz\u0131rlan\u0131yor. G\u00fcndemde ayr\u0131ca ABD Ba\u015fkan\u0131 Donald Trump\u2019\u0131n \u00c7in Devlet Ba\u015fkan\u0131 \u015ei Cinping ile zirvesinden gelecek haberler var.<\/p>\n
ABD\u2019nin nisan enflasyon verileri, man\u015fet T\u00dcFE\u2019nin (T\u00fcketici Fiyat Endeksi: t\u00fcketicinin sat\u0131n ald\u0131\u011f\u0131 mal ve hizmetlerin fiyat de\u011fi\u015fimi) y\u0131ll\u0131k bazda %3,8\u2019e y\u00fckseldi\u011fini g\u00f6sterdi. Bu oran %3,7 beklentisinin \u00fczerinde ve May\u0131s 2023\u2019ten bu yana en y\u00fcksek seviye. \u00c7ekirdek T\u00dcFE (enerji ve g\u0131da gibi oynak kalemler hari\u00e7 enflasyon) %2,8\u2019e \u00e7\u0131kt\u0131; marttaki %2,6\u2019n\u0131n ve %2,7 tahmininin \u00fczerinde ger\u00e7ekle\u015fti.<\/p>\n
Veri sonras\u0131 ABD 10 y\u0131ll\u0131k Hazine tahvili faizi (getiri: tahvilin piyasadaki y\u0131ll\u0131k faiz oran\u0131) %4,46\u2019n\u0131n \u00fczerine \u00e7\u0131karak mart sonundan bu yana en y\u00fcksek seviyeyi g\u00f6rd\u00fc. Dolar Endeksi (DXY: dolar\u0131n ba\u015fl\u0131ca para birimlerine kar\u015f\u0131 de\u011ferini \u00f6l\u00e7en endeks) Sal\u0131 g\u00fcn\u00fc yakla\u015f\u0131k %0,4 y\u00fckseldi. Wall Street\u2019in ana endeksleri sert d\u00fc\u015ferken, \u00c7ar\u015famba g\u00fcn\u00fc erken saatlerde ABD vadeli endeksleri (futures: gelecekteki fiyat \u00fczerinden i\u015flem g\u00f6ren s\u00f6zle\u015fmeler) kar\u0131\u015f\u0131k seyrederken Dolar Endeksi 98,40 civar\u0131ndayd\u0131.<\/p>\n
Alt\u0131n geni\u015f bir bantta dalgaland\u0131; 4.640 dolar\u0131n alt\u0131na geriledikten sonra 4.700 dolar\u0131n \u00fczerine toparland\u0131 ve g\u00fcn\u00fc s\u0131n\u0131rl\u0131 kay\u0131pla kapatt\u0131. Hafta ortas\u0131nda 4.700 dolar\u0131n biraz \u00fczerinde hareket ediyordu.<\/p>\n
EUR\/USD, Sal\u0131 g\u00fcn\u00fc yakla\u015f\u0131k %0,4 d\u00fc\u015f\u00fc\u015f\u00fcn ard\u0131ndan 1,1730\u2019un alt\u0131nda i\u015flem g\u00f6rd\u00fc. GBP\/USD ise \u0130ngiltere Ba\u015fbakan\u0131 Keir Starmer\u2019\u0131n d\u00f6rt bakan\u0131n istifas\u0131 ve 80\u2019i a\u015fk\u0131n milletvekilinin ad\u0131m at\u0131lmas\u0131 \u00e7a\u011fr\u0131s\u0131 haberleriyle artan istifa bask\u0131s\u0131yla geriledi. USD\/JPY 157,50\u2019nin \u00fczerinde yatay seyrini korudu.<\/p>\n
Ge\u00e7en y\u0131lki rapor sonras\u0131 %4,46\u2019ya s\u0131\u00e7rayan 10 y\u0131ll\u0131k tahvil faizi bug\u00fcn de benzer y\u00fcksek seviyelerde, yakla\u015f\u0131k %4,48\u2019de. Bu g\u00f6r\u00fcn\u00fcm, tahvil piyasas\u0131n\u0131n (bond market: devlet tahvillerinin al\u0131n\u0131p sat\u0131ld\u0131\u011f\u0131 piyasa) 2026 i\u00e7in beklenen bir\u00e7ok faiz indirimini art\u0131k fiyatlamad\u0131\u011f\u0131n\u0131 g\u00f6steriyor. T\u00fcrev \u00fcr\u00fcn (derivative: de\u011feri ba\u015fka bir varl\u0131\u011f\u0131n fiyat\u0131na ba\u011fl\u0131 s\u00f6zle\u015fmeler) yat\u0131r\u0131mc\u0131lar\u0131, bu nedenle \u201cfaizler uzun s\u00fcre y\u00fcksek\u201d senaryosundan faydalanan stratejileri de\u011ferlendirebilir.<\/p>\n
Bu politika g\u00f6r\u00fcn\u00fcm\u00fc, 2025\u2019te oldu\u011fu gibi ABD dolar\u0131n\u0131 desteklemeye devam ediyor. Euro B\u00f6lgesi ekonomisi s\u0131n\u0131rl\u0131 b\u00fcy\u00fcme g\u00f6sterirken, ilk \u00e7eyrekte %0,3 GSYH art\u0131\u015f\u0131 a\u00e7\u0131klad\u0131. Bu durum, temkinli bir Fed (ABD Merkez Bankas\u0131) ile di\u011fer merkez bankalar\u0131 aras\u0131ndaki politika ayr\u0131\u015fmas\u0131n\u0131 art\u0131r\u0131yor. B\u00f6yle bir ortam, euro gibi para birimlerine kar\u015f\u0131 dolarda uzun pozisyonlar\u0131n (long: fiyat\/art\u0131\u015f beklentisiyle al\u0131nan pozisyon) korunmas\u0131n\u0131 destekliyor.<\/p>\n
\u0130ngiltere\u2019de ge\u00e7en y\u0131lki siyasi sorunlar sterlini zay\u0131flatm\u0131\u015ft\u0131. Ko\u015fullar de\u011fi\u015fse de GBP\/USD i\u00e7in temel belirleyici dolar\u0131n g\u00fcc\u00fc olmaya devam ediyor. Benzer \u015fekilde USD\/JPY, ABD ve Japonya faizleri aras\u0131ndaki belirgin fark\u0131n etkisiyle 156,40 civar\u0131nda dalgalan\u0131yor. Japon yeni ile fonlanan carry trade (d\u00fc\u015f\u00fck faizli para biriminden bor\u00e7lan\u0131p y\u00fcksek faizli varl\u0131\u011fa yat\u0131r\u0131m) stratejileri s\u00fcrd\u00fcr\u00fclebilir g\u00f6r\u00fcnse de Japon yetkililerden olas\u0131 m\u00fcdahale (kur hareketini s\u0131n\u0131rlamak i\u00e7in piyasaya do\u011frudan i\u015flem) sinyallerine kar\u015f\u0131 dikkatli olunmal\u0131.<\/p>\n
Alt\u0131n, enflasyona kar\u015f\u0131 korunma arac\u0131 (hedge: fiyat art\u0131\u015f\u0131na kar\u015f\u0131 de\u011fer koruma) rol\u00fc ile y\u00fcksek faiz ve g\u00fc\u00e7l\u00fc dolar bask\u0131s\u0131 aras\u0131nda s\u0131k\u0131\u015f\u0131rken oynakl\u0131k (volatility: fiyat\u0131n h\u0131zl\u0131 ve geni\u015f dalgalanmas\u0131) devam ediyor. Alt\u0131n gibi getiri sa\u011flamayan bir varl\u0131\u011f\u0131 (non-yielding: faiz\/kupon \u00f6demesi olmayan) elde tutmak, devlet tahvilleri cazip getiri sunarken daha az \u00e7ekici hale geliyor. Bu nedenle yat\u0131r\u0131mc\u0131lar, y\u00f6n tahmini yapmak zorunda kalmadan fiyat dalgalanmas\u0131ndan yararlanmak i\u00e7in alt\u0131n ETF\u2019leri (borsada i\u015flem g\u00f6ren fon) \u00fczerinde opsiyon (belirli fiyattan alma\/satma hakk\u0131 veren s\u00f6zle\u015fme) stratejilerine bakabilir.<\/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":" S\u00fcrpriz T\u00dcFE dolar\u0131 parlat\u0131yor: 10 y\u0131ll\u0131k ABD faizi %4,46\u2019y\u0131 a\u015ft\u0131, DXY y\u00fckseldi. Euro ve sterlin bask\u0131da, yen carry trade\u2019de. G\u00f6zler Euro B\u00f6lgesi GSYH, ABD \u00dcFE ve Trump-\u015ei zirvesinde.<\/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-46585","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\/46585","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=46585"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/46585\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=46585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=46585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=46585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}