{"id":48189,"date":"2026-03-06T07:55:26","date_gmt":"2026-03-06T07:55:26","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/usd-chf-044-yukselerek-07830un-uzerine-cikti-snb-mudahalesi-soylentileri-frankin-son-toparlanmasina-ragmen-deger-kazanimini-sinirliyor\/"},"modified":"2026-03-06T07:55:26","modified_gmt":"2026-03-06T07:55:26","slug":"usd-chf-044-yukselerek-07830un-uzerine-cikti-snb-mudahalesi-soylentileri-frankin-son-toparlanmasina-ragmen-deger-kazanimini-sinirliyor","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/usd-chf-044-yukselerek-07830un-uzerine-cikti-snb-mudahalesi-soylentileri-frankin-son-toparlanmasina-ragmen-deger-kazanimini-sinirliyor\/","title":{"rendered":"USD\/CHF %0,44 y\u00fckselerek 0,7830\u2019un \u00fczerine \u00e7\u0131kt\u0131; SNB m\u00fcdahalesi s\u00f6ylentileri, frank\u0131n son toparlanmas\u0131na ra\u011fmen de\u011fer kazan\u0131m\u0131n\u0131 s\u0131n\u0131rl\u0131yor"},"content":{"rendered":"USD\/CHF per\u015fembe g\u00fcn\u00fc %0,44 y\u00fckselerek 0,7830\u2019un \u00fczerine \u00e7\u0131kt\u0131 ve ge\u00e7en haftaki 0,7700 civar\u0131ndaki diplerden gelen toparlanmay\u0131 s\u00fcrd\u00fcrd\u00fc. \u015eubat ba\u015f\u0131ndan bu yana parite, y\u0131l\u0131n en d\u00fc\u015f\u00fck seviyesi olan 0,7600 civar\u0131 ile 0,7830 yak\u0131n\u0131ndaki diren\u00e7 aras\u0131nda dalgalan\u0131yor.\n\n\u0130svi\u00e7re Merkez Bankas\u0131 (SNB), pazartesi g\u00fcn\u00fc talep edilmeden yapt\u0131\u011f\u0131 a\u00e7\u0131klamada \u0130svi\u00e7re frang\u0131n\u0131n (CHF) h\u0131zl\u0131 de\u011fer kazanmas\u0131na kar\u015f\u0131 ad\u0131m atmaya haz\u0131r oldu\u011funu s\u00f6yledi. Ba\u015fkan Yard\u0131mc\u0131s\u0131 Antoine Martin, sal\u0131 g\u00fcn\u00fc ayn\u0131 mesaj\u0131 yineledi ve \u201cg\u00fcvenli liman\u201d (risk art\u0131nca yat\u0131r\u0131mc\u0131n\u0131n s\u0131\u011f\u0131nd\u0131\u011f\u0131 varl\u0131k) talebini ABD \u00f6nc\u00fcl\u00fc\u011f\u00fcndeki \u0130ran gerilimine ba\u011flad\u0131.\n\n

SNB Duru\u015fu ve Enflasyon G\u00f6r\u00fcn\u00fcm\u00fc<\/h3>\n\u00c7ar\u015famba g\u00fcn\u00fc a\u00e7\u0131klanan \u0130svi\u00e7re \u015fubat T\u00dcFE (T\u00fcketici Fiyat Endeksi: enflasyonun temel g\u00f6stergesi) verisi, enflasyonun be\u015finci ay \u00fcst \u00fcste s\u0131f\u0131ra yak\u0131n seyretti\u011fini g\u00f6sterdi. SNB politika faizi %0,00 seviyesinde. Piyasalar, 19 Mart karar\u0131ndan \u00f6nce \u201cnegatif faiz\u201d (bankalar\u0131n merkez bankas\u0131nda tuttuklar\u0131 paraya faiz \u00f6demesi) yerine d\u00f6viz piyasas\u0131na m\u00fcdahale olas\u0131l\u0131\u011f\u0131n\u0131 daha y\u00fcksek g\u00f6r\u00fcyor.\n\nABD\u2019de Federal Rezerv (Fed), ocakta faizi %3,50\u2013%3,75 aral\u0131\u011f\u0131nda tuttu. Toplant\u0131 tutanaklar\u0131, enflasyon hedefin \u00fczerinde kal\u0131rsa faiz art\u0131\u015flar\u0131n\u0131n yeniden g\u00fcndeme gelebilece\u011fine i\u015faret etti. \u015eubat tar\u0131m d\u0131\u015f\u0131 istihdam (NFP: tar\u0131m d\u0131\u015f\u0131 sekt\u00f6rlerde ayl\u0131k istihdam art\u0131\u015f\u0131) i\u00e7in piyasa beklentisi, ocaktaki 130 binin ard\u0131ndan yakla\u015f\u0131k 60 bin.\n\nUSD\/CHF g\u00fcnl\u00fck grafikte 0,7826 seviyesindeydi. 50 g\u00fcnl\u00fck EMA (\u00fcstel hareketli ortalama: son g\u00fcnlere daha fazla a\u011f\u0131rl\u0131k veren ortalama) 0,78 civar\u0131nda, 200 g\u00fcnl\u00fck EMA ise 0,80 civar\u0131nda. Destek (fiyat\u0131n tutunma e\u011filiminde oldu\u011fu seviye) 0,7810 ve 0,7760 \u00e7evresinde; a\u015fa\u011f\u0131 y\u00f6nl\u00fc risk 0,7700\u2019a uzan\u0131yor. Diren\u00e7 (y\u00fckseli\u015fin zorland\u0131\u011f\u0131 seviye) 0,7860 ve 0,7920 yak\u0131n\u0131nda.\n\n

Politika Ayr\u0131\u015fmas\u0131 ve Opsiyon Etkileri<\/h3>\nBu g\u00f6r\u00fcn\u00fcm, ABD dolar\u0131 ile \u0130svi\u00e7re frang\u0131 aras\u0131ndaki \u201cpolitika ayr\u0131\u015fmas\u0131n\u0131n\u201d (merkez bankalar\u0131n\u0131n faiz ve duru\u015f fark\u0131) dolar lehine kalmas\u0131na yol a\u00e7\u0131yor. ABD ekonomisinin dayan\u0131kl\u0131 seyretti\u011fi alg\u0131s\u0131 da bu tabloyu destekliyor. Bu nedenle USD\/CHF\u2019de belirgin geri \u00e7ekilmeler, al\u0131m f\u0131rsat\u0131 olarak g\u00f6r\u00fclebilir.\n\nBu beklentiyi opsiyonlarla (belirli bir tarihe kadar belirli fiyattan alma\/satma hakk\u0131 veren s\u00f6zle\u015fme) ifade etmek m\u00fcmk\u00fcn. \u00d6rne\u011fin 0,8300 kullan\u0131m fiyatl\u0131 (strike: opsiyonun hakk\u0131n\u0131 kulland\u0131\u011f\u0131 fiyat) al\u0131m opsiyonu (call: y\u00fckseli\u015ften kazan\u00e7 hedefleyen opsiyon) almak, olas\u0131 y\u00fckseli\u015fe kat\u0131lmay\u0131 sa\u011flarken azami zarar\u0131 ba\u015ftan s\u0131n\u0131rlar. Bu yakla\u015f\u0131m, merkez bankas\u0131 s\u00f6ylemi veya g\u00fc\u00e7l\u00fc ABD verileriyle h\u0131zl\u0131 bir y\u00fckseli\u015f ya\u015fan\u0131rsa daha etkili olur.\n\nDaha temkinli bir y\u00f6ntem olarak bo\u011fa call spread (y\u00fckseli\u015f beklentisiyle bir call al\u0131p daha yukar\u0131 seviyede ba\u015fka bir call satarak maliyeti d\u00fc\u015f\u00fcren strateji) uygulanabilir. \u00d6rne\u011fin nisan vadeli 0,8250 call al\u0131n\u0131p ayn\u0131 anda nisan vadeli 0,8400 call sat\u0131larak maliyet azalt\u0131labilir. Bu i\u015flem, paritenin kademeli y\u00fckseli\u015finden fayda sa\u011flar ve d\u00fc\u015f\u00fck \u201cima edilen oynakl\u0131k\u201dtan (implied volatility: opsiyon fiyatlar\u0131ndan \u00e7\u0131kar\u0131lan beklenen dalgalanma) yararlan\u0131r.\n\nSNB\u2019nin y\u00f6nlendirme ama\u00e7l\u0131 s\u00f6zl\u00fc m\u00fcdahaleleri, frank paritelerinde ima edilen oynakl\u0131\u011f\u0131 bask\u0131layabilir. Bu da opsiyonlar\u0131 ge\u00e7mi\u015f d\u00f6nemlere k\u0131yasla daha ucuz hale getirebilir. Bu nedenle prim almay\u0131 de\u011fil prim \u00f6demeyi i\u00e7eren (long premium: opsiyon sat\u0131n alma) stratejiler \u00f6ne \u00e7\u0131kabilir; \u00e7\u00fcnk\u00fc politika kaynakl\u0131 ani bir hareket, s\u0131n\u0131rl\u0131 riskle daha y\u00fcksek getiri ihtimali yarat\u0131r.\n

\n\n

Hemen i\u015flem yapmaya ba\u015flay\u0131n – Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":"

USD\/CHF 0,7830 \u00fcst\u00fcnde toparlan\u0131yor: SNB franktaki h\u0131zl\u0131 de\u011ferlenmeye m\u00fcdahaleye haz\u0131r, enflasyon s\u0131f\u0131ra yak\u0131n. Fed tutanaklar\u0131 \u015fahin. Teknikte 0,7810 destek, 0,7860 diren\u00e7; opsiyonla y\u00fckseli\u015f senaryosu \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-48189","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\/48189","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=48189"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/48189\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=48189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=48189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=48189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}