{"id":49236,"date":"2026-06-15T16:17:51","date_gmt":"2026-06-15T16:17:51","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/onumuzdeki-hafta-warshin-feddeki-ilk-firtinasi\/"},"modified":"2026-06-15T16:17:51","modified_gmt":"2026-06-15T16:17:51","slug":"onumuzdeki-hafta-warshin-feddeki-ilk-firtinasi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/featured\/onumuzdeki-hafta-warshin-feddeki-ilk-firtinasi\/","title":{"rendered":"\u00d6n\u00fcm\u00fczdeki Hafta: Warsh\u2019\u0131n Fed\u2019deki \u0130lk F\u0131rt\u0131nas\u0131"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2026\/06\/DotPlot-1024x573.webp\" alt=\"\" class=\"wp-image-52458\"\/><\/figure>\n\n\n\n<p><strong>Genel Bak\u0131\u015f<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Fed\u2019in faizi %3,50\u2013%3,75 aral\u0131\u011f\u0131nda sabit tutmas\u0131 bekleniyor; ancak \u201cdot plot\u201d (Fed \u00fcyelerinin gelecekteki faiz beklentilerini nokta nokta g\u00f6steren grafik) USDX, alt\u0131n, hisseler ve Bitcoin beklentilerini de\u011fi\u015ftirebilir.<\/li>\n\n\n\n<li>T\u00dcFE (CPI: t\u00fcketici fiyat endeksi, enflasyonun ana g\u00f6stergesi) %3,8; \u00e7ekirdek T\u00dcFE (g\u0131da ve enerji gibi oynak kalemler hari\u00e7 enflasyon) %2,8. Bu tablo Fed\u2019in \u201c\u015fahin\u201d (s\u0131k\u0131 para politikas\u0131na yak\u0131n) bir duru\u015f sergilemesini zorunlu k\u0131l\u0131yor.<\/li>\n\n\n\n<li>Petrol, enflasyon g\u00f6r\u00fcn\u00fcm\u00fcnde kritik. H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019n\u0131n yeniden a\u00e7\u0131lmas\u0131yla ham petrol\u00fcn 65\u201370 dolar band\u0131na gev\u015feyip gev\u015feyemeyece\u011fi izleniyor.<\/li>\n\n\n\n<li>\u00d6ne \u00e7\u0131kan seviyeler: USDX 99,15 ve 98,95; XAUUSD 4.330; USOil 76,778; SP500 7.560; BTCUSD 65.000\u201366.500.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<p>Kevin Warsh, Fed Ba\u015fkan\u0131 olarak ilk toplant\u0131s\u0131na rahat bir tonla girme \u015fans\u0131 olmadan \u00e7\u0131k\u0131yor. Warsh, 22 May\u0131s\u2019ta Fed\u2019in tarihteki 17. Ba\u015fkan\u0131 olarak yemin etti; ancak devrald\u0131\u011f\u0131 koltuk her y\u00f6nden bask\u0131 alt\u0131nda.<\/p>\n\n\n\n<p>T\u00dcFE %3,8 ile May\u0131s 2023\u2019ten bu yana en y\u00fcksek seviyede ve Fed\u2019in %2 hedefinin iki kat\u0131ndan fazla. \u00c7ekirdek T\u00dcFE %2,8. Brent petrol ise d\u00f6rt ayd\u0131r 90 dolar\u0131n \u00fczerinde. Bu da enflasyon riskini Fed\u2019in \u00f6nceli\u011fi yap\u0131yor.<\/p>\n\n\n\n<p>Nisan ay\u0131ndaki FOMC (Fed\u2019in faiz karar\u0131n\u0131 veren kurul) toplant\u0131s\u0131, kurulun ikiye b\u00f6l\u00fcnd\u00fc\u011f\u00fcn\u00fc g\u00f6sterdi. D\u00f6rt yetkili kar\u015f\u0131 oy kulland\u0131; bu 34 y\u0131l\u0131n en par\u00e7al\u0131 g\u00f6r\u00fcn\u00fcm\u00fc. \u00dc\u00e7 \u00fcye, \u201cgev\u015feme e\u011filimi\u201dne (ileride faiz indirimi sinyali) bile kar\u015f\u0131 \u00e7\u0131kt\u0131; bir \u00fcye ise hemen indirim istedi. Warsh, ortak bir \u00e7izgiye de\u011fil, politika ayr\u0131\u015fmas\u0131na giriyor.<\/p>\n\n\n\n<p>Tahvil piyasas\u0131 (devlet bor\u00e7lanma k\u00e2\u011f\u0131tlar\u0131 piyasas\u0131) \u015fimdiden hareket etti. 30 y\u0131ll\u0131k ABD tahvil faizi %5\u2019in \u00fczerinde, 10 y\u0131ll\u0131k ise %4,5\u2019in \u00fczerinde. Yat\u0131r\u0131mc\u0131lar, Fed resmen s\u00f6ylemeden \u201cdaha uzun s\u00fcre s\u0131k\u0131\u201d senaryosunu fiyatlamaya ba\u015flad\u0131.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Faizin Sabit Kalmas\u0131 Neredeyse Kesin<\/h2>\n\n\n\n<p>Faiz karar\u0131 taraf\u0131 net g\u00f6r\u00fcn\u00fcyor. CME FedWatch (vadeli i\u015flemlerden faiz olas\u0131l\u0131\u011f\u0131 \u00fcreten takip arac\u0131) 17 Haziran i\u00e7in %97,4 ihtimalle %3,50\u2013%3,75 aral\u0131\u011f\u0131nda \u201csabit\u201d fiyatl\u0131yor. Bu toplant\u0131da ne indirim ne art\u0131r\u0131m beklentisi g\u00fc\u00e7l\u00fc.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Economists moved back their expectation for interest-rate cuts and now see the Fed holding rates steady into the middle of next year, according to a Bloomberg News survey <a href=\"https:\/\/t.co\/EwxMRFvMlD\">https:\/\/t.co\/EwxMRFvMlD<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/x.com\/business\/status\/2065381343966400854?ref_src=twsrc%5Etfw\">June 12, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>As\u0131l soru karar\u0131n \u00f6tesinde: Fed, sabit kalmay\u0131 yeterli mi g\u00f6r\u00fcyor, yoksa ileride olas\u0131 bir faiz art\u0131\u015f\u0131na piyasay\u0131 haz\u0131rlamak m\u0131 isteyecek?<\/p>\n\n\n\n<p>Piyasa, Aral\u0131k 2026\u2019ya kadar faizin %3,75\u2013%4,00 band\u0131na \u00e7\u0131kma olas\u0131l\u0131\u011f\u0131n\u0131 %42,3 g\u00f6r\u00fcyor. Yani y\u0131l sonuna do\u011fru en az bir art\u0131\u015f ihtimali neredeyse yaz\u0131-tura. 2027 ba\u015f\u0131nda ise daha y\u00fcksek faiz senaryosu \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n\n\n\n<p>Bu, \u201cfaiz indirimi\u201d piyasas\u0131 de\u011fil. Piyasa, Fed\u2019in enflasyon bask\u0131s\u0131yla yol haritas\u0131n\u0131n de\u011fi\u015fti\u011fini kabul edip etmeyece\u011fini test ediyor.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">G\u00fcndemin Merkezi: Dot Plot<\/h2>\n\n\n\n<p>Haziran toplant\u0131s\u0131, Warsh d\u00f6neminin ilk dot plot\u2019unu getiriyor. \u00dc\u00e7 ba\u015fl\u0131k haftay\u0131 belirleyebilir.<\/p>\n\n\n\n<p>Birincisi, 2026 i\u00e7in herhangi bir noktan\u0131n mevcut %3,50\u2013%3,75 band\u0131n\u0131n \u00fczerine \u00e7\u0131k\u0131p \u00e7\u0131kmad\u0131\u011f\u0131. Nisan itibar\u0131yla bu band\u0131n \u00fczerinde art\u0131\u015f \u00f6ng\u00f6ren nokta yoktu. Bir-iki \u201c\u015fahin nokta\u201d bile, faiz art\u0131\u015f\u0131 tart\u0131\u015fmas\u0131n\u0131n art\u0131k varsay\u0131m olmad\u0131\u011f\u0131n\u0131 g\u00f6sterebilir.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Just three weeks into the job, Federal Reserve Chairman Kevin Warsh is already facing an unusually high-stakes test. <a href=\"https:\/\/t.co\/1OV0xMR5X8\">https:\/\/t.co\/1OV0xMR5X8<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/x.com\/business\/status\/2066204875822670280?ref_src=twsrc%5Etfw\">June 14, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>\u0130kincisi, 2026 \u201cmedyan nokta\u201d (t\u00fcm noktalar\u0131n ortas\u0131ndaki de\u011fer) her zamankinden \u00f6nemli. Medyan %3,75\u2013%4,00 band\u0131na kayarsa piyasalar ABD <a href=\"https:\/\/www.vtmarkets.com\/learn\/is-the-u-s-dollar-collapsing-the-reality-of-dedollarisation-in-2026\/?utm_source=WMO\" target=\"_blank\" rel=\"noreferrer noopener\">dolar\u0131<\/a>, <a href=\"https:\/\/www.vtmarkets.com\/learn\/will-gold-trade-above-5000-again-in-2026\/?utm_source=WMO\" target=\"_blank\" rel=\"noreferrer noopener\">alt\u0131n<\/a> ve hisse senetlerini h\u0131zl\u0131 yeniden fiyatlayabilir.<\/p>\n\n\n\n<p>\u00dc\u00e7\u00fcnc\u00fcs\u00fc, 2027 medyan\u0131, politika yap\u0131c\u0131lar\u0131n y\u00fcksek faizin bu y\u0131l\u0131n \u00f6tesine uzay\u0131p uzamayaca\u011f\u0131n\u0131 g\u00f6sterir. Medyan\u0131n %3,75\u2013%4,00 civar\u0131nda kalmas\u0131, 2026\u2019da indirim beklenmemesi ve 2027\u2019de art\u0131\u015f riskinin s\u00fcrmesi anlam\u0131na gelir.<\/p>\n\n\n\n<p>Warsh daha \u00f6nce dot plot\u2019u bir ileti\u015fim arac\u0131 olarak ele\u015ftirmi\u015f, belirsiz bir gelece\u011fe \u201csahte bir kesinlik\u201d katt\u0131\u011f\u0131n\u0131 savunmu\u015ftu. Yine de ilk toplant\u0131s\u0131nda bunu kald\u0131rmas\u0131 ya da ask\u0131ya almas\u0131 piyasada sert dalga yaratabilir. Daha olas\u0131 senaryo: Haziran\u2019da dot plot korunur, ileride Fed\u2019in ileti\u015fim dilinde kademeli de\u011fi\u015fim sinyali verilir.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Siyaset, Enflasyon ve Tahviller Farkl\u0131 Y\u00f6ne \u00c7ekiyor<\/h2>\n\n\n\n<p>Beyaz Saray daha d\u00fc\u015f\u00fck faiz istiyor; ancak enflasyon verisi Warsh\u2019a \u201cg\u00fcvercin\u201d (faiz indirimi yanl\u0131s\u0131) konu\u015fmak i\u00e7in alan b\u0131rakm\u0131yor. T\u00dcFE %3,8, \u00e7ekirdek T\u00dcFE %2,8, \u00dcFE (PPI: \u00fcretici fiyat endeksi, \u00fcretim taraf\u0131ndaki fiyat bask\u0131s\u0131n\u0131 \u00f6l\u00e7er) 2022\u2019den bu yana en y\u00fcksek seviyede; May\u0131s istihdam art\u0131\u015f\u0131 172 bin; Brent 90 dolar\u0131n \u00fczerinde. Erken bir y\u00f6n de\u011fi\u015fimi zor.<\/p>\n\n\n\n<p>Ocak\u2019tan bu yana gelen ana veriler \u201cdaha uzun s\u00fcre y\u00fcksek faiz\u201d temas\u0131n\u0131 g\u00fc\u00e7lendirdi. Warsh enflasyona kar\u015f\u0131 yumu\u015fak bir ton kullan\u0131rsa, yat\u0131r\u0131mc\u0131lar\u0131n daha y\u00fcksek \u201cenflasyon risk primi\u201d (enflasyon belirsizli\u011fi i\u00e7in talep edilen ek getiri) istemesiyle tahvil faizleri y\u00fckselebilir. Bu da Fed karar\u0131na gerek kalmadan finansal ko\u015fullar\u0131 s\u0131k\u0131la\u015ft\u0131r\u0131r.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.vtmarkets.com\/opinion\/from-the-oil-crisis-to-today-how-wars-drive-gas-prices\/?utm_source=WMO\" target=\"_blank\" rel=\"noreferrer noopener\">Petrol<\/a> ikinci bir bask\u0131 unsuru. H\u00fcrm\u00fcz Bo\u011faz\u0131 yeniden a\u00e7\u0131l\u0131r ve petrol 65\u201370 dolar band\u0131na gerilerse, \u201csava\u015f kaynakl\u0131 enflasyon primi\u201d zay\u0131flayabilir. Bu durumda \u00e7ekirdek enflasyon 2\u20133 \u00e7eyrekte (yakla\u015f\u0131k 6\u20139 ay) %2,5\u2019e yakla\u015fabilir. O noktada faiz indirimi y\u00f6n\u00fcndeki siyasi bask\u0131 yeniden artabilir.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">US and Iranian officials said they had agreed on a framework to end their war, halt the US blockade of Iran and reopen the Strait of Hormuz, a preliminary pact that sent oil prices falling but leaves the fate of Iran&#39;s nuclear program to further negotiations\u2026<\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/x.com\/Reuters\/status\/2066342427854574008?ref_src=twsrc%5Etfw\">June 15, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>\u015eimdilik Fed\u2019in \u201csert duru\u015f\u201d i\u00e7in gerek\u00e7esi g\u00fc\u00e7l\u00fc. Warsh, verilerle \u00e7eli\u015fmeden faizi sabit tutabilir; ancak enerji fiyatlar\u0131 d\u00fc\u015fer ve enflasyon y\u0131l\u0131n ilerleyen d\u00f6neminde gerilerse bu alan daralabilir.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bankalar \u0130ndirim Senaryosundan Uzakla\u015ft\u0131<\/h2>\n\n\n\n<p>Wall Street beklentisi belirgin \u015fekilde de\u011fi\u015fti. 2026 ba\u015f\u0131nda b\u00fcy\u00fck kurumlar Aral\u0131k\u2019a kadar 2\u20133 faiz indirimi bekliyordu. Alt\u0131 ay sonra \u00e7o\u011fu \u201csabit\u201de, hatta olas\u0131 \u201cart\u0131\u015f\u201da d\u00f6nd\u00fc.<\/p>\n\n\n\n<p>Goldman Sachs 2026 boyunca sabit, hatta art\u0131\u015f olas\u0131l\u0131\u011f\u0131 bekliyor. JPMorgan 2026 boyunca sabit, 2027\u2019de art\u0131\u015f \u00f6ng\u00f6r\u00fcyor. BNP Paribas Aral\u0131k 2026\u2019dan itibaren \u00fc\u00e7 art\u0131\u015f bekliyor. Morgan Stanley 2026 boyunca sabit ve 2027 sonlar\u0131nda bir indirim g\u00f6r\u00fcyor. Rabobank sabit ya da art\u0131\u015f ihtimalini, birden fazla art\u0131\u015f\u0131 da m\u00fcmk\u00fcn g\u00f6r\u00fcyor.<\/p>\n\n\n\n<p>Citigroup ise ayr\u0131\u015f\u0131yor; 2026\u2019da \u00fc\u00e7 indirim ve sonras\u0131nda daha fazla gev\u015feme beklemeyi s\u00fcrd\u00fcr\u00fcyor. Bu tablo, piyasan\u0131n y\u0131l ba\u015f\u0131ndaki \u201cindirim hik\u00e2yesi\u201dnden ne kadar uzakla\u015ft\u0131\u011f\u0131n\u0131 g\u00f6steriyor.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u00c7ar\u015famba \u0130\u00e7in Ana Senaryo<\/h2>\n\n\n\n<p>En olas\u0131 sonu\u00e7: \u015fahin sabit.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2026\/06\/3d9fc87d-5664-4ace-89e9-42183ad1d37d.png\" alt=\"\" class=\"wp-image-52459\"\/><\/figure>\n\n\n\n<p>Senaryo A (%55): \u015eahin sabit. Fed faizi de\u011fi\u015fmeden b\u0131rak\u0131r, \u201cgev\u015feme e\u011filimi\u201dni geri \u00e7eker, dot plot\u2019ta art\u0131\u015f sinyalleri g\u00f6r\u00fcl\u00fcr ve Warsh ba\u011f\u0131ms\u0131z bir ton kullan\u0131r. Bu tablo ABD dolar\u0131n\u0131 ve tahvil faizlerini destekleyebilir; alt\u0131n, Bitcoin, SP500 ve EURUSD \u00fczerinde bask\u0131 yaratabilir.<\/p>\n\n\n\n<p>Senaryo B (%40): N\u00f6tr sabit. Metin dengeli kal\u0131r, dot plot\u2019ta s\u0131n\u0131rl\u0131 de\u011fi\u015fim olur, Warsh net bir y\u00f6n sinyali vermez. Piyasalar bant i\u00e7inde kalabilir; yat\u0131r\u0131mc\u0131lar bir sonraki enflasyon ve istihdam verisini bekler.<\/p>\n\n\n\n<p>Senaryo C (%5): G\u00fcvercin s\u00fcrpriz. Warsh ileride indirim sinyali verir ya da enflasyon riskini k\u00fc\u00e7\u00fcmser. Bu tablo ABD dolar\u0131n\u0131 zay\u0131flatabilir, alt\u0131n\u0131 destekleyebilir, Bitcoin ve hisseleri yukar\u0131 \u00e7ekebilir, tahvil faizlerini d\u00fc\u015f\u00fcrebilir.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Takip Edilecek Semboller<\/h2>\n\n\n\n<p>USDX | XAUUSD | USOil | SP500 | BTCUSD<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Yakla\u015fan Geli\u015fmeler<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Tarih<\/strong><\/td><td><strong>Para Birimi<\/strong><\/td><td><strong>G\u00fcndem<\/strong><\/td><td><strong>Tahmin<\/strong><\/td><td><strong>\u00d6nceki<\/strong><\/td><td><strong>Analist Notu<\/strong><\/td><\/tr><tr><td>16 Haz<\/td><td>JPY<\/td><td>BOJ Politika Faizi<\/td><td>%1,00<\/td><td>%0,75<\/td><td>Art\u0131\u015f, JPY\u2019yi destekleyebilir; USDJPY\u2019de 160,716 g\u00fcndeme gelebilir.<\/td><\/tr><tr><td>16 Haz<\/td><td>AUD<\/td><td>RBA Bas\u0131n Toplant\u0131s\u0131<\/td><td>N\/A<\/td><td>N\/A<\/td><td>\u0130leriye d\u00f6n\u00fck faiz mesajlar\u0131 ve AUDUSD\u2019de 0,70776 seviyesi izlenebilir.<\/td><\/tr><tr><td>17 Haz<\/td><td>GBP<\/td><td>T\u00dcFE y\u0131ll\u0131k<\/td><td>%3,00<\/td><td>%2,80<\/td><td>Daha y\u00fcksek veri, politika \u00f6zetinden \u00f6nce GBP\u2019yi destekleyebilir.<\/td><\/tr><tr><td>18 Haz<\/td><td>USD<\/td><td>FOMC Bas\u0131n Toplant\u0131s\u0131<\/td><td>N\/A<\/td><td>N\/A<\/td><td>Dot plot ve Warsh\u2019\u0131n tonu USDX, XAUUSD ve SP500\u2019\u00fc y\u00f6nlendirebilir.<\/td><\/tr><tr><td>18 Haz<\/td><td>GBP<\/td><td>Para Politikas\u0131 \u00d6zeti<\/td><td>N\/A<\/td><td>N\/A<\/td><td>Faiz y\u00f6netimine dair ipu\u00e7lar\u0131 ve GBPUSD\u2019de 1,3465 \u00e7evresi izlenebilir.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Haftan\u0131n \u00d6ne \u00c7\u0131kan Hareketleri<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">USDX<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2026\/06\/e74ae928-c8eb-4d00-8722-46585c872560.png\" alt=\"\" class=\"wp-image-52463\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>USDX ge\u00e7en hafta geriledi; ilk \u00f6nemli destek olarak 99,15 \u00f6ne \u00e7\u0131kt\u0131.<\/li>\n\n\n\n<li>\u015eahin bir \u201csabit\u201d karar\u0131 USDX\u2019in dengelenmesine yard\u0131m edebilir. N\u00f6tr metin ise 99,15 ve 98,95 \u00fczerinde bask\u0131y\u0131 s\u00fcrd\u00fcrebilir.<\/li>\n\n\n\n<li>\u00d6nce 99,15, ard\u0131ndan 98,95 izlenebilir. Daha g\u00fc\u00e7l\u00fc toparlanma i\u00e7in \u015fahin dot\u2019lar ya da daha y\u00fcksek tahvil faizleri gerekir.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">XAUUSD (Alt\u0131n)<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2026\/06\/4c9f01ab-e072-4295-afaf-54b07165c4c4.png\" alt=\"\" class=\"wp-image-52461\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Alt\u0131n 4.260 b\u00f6lgesinde yatay seyrin ard\u0131ndan y\u00fckseldi; al\u0131c\u0131lar \u015fimdi 4.330\u2019u izliyor.<\/li>\n\n\n\n<li>Fed\u2019in \u015fahin dili y\u00fckseli\u015fi s\u0131n\u0131rlayabilir. Daha d\u00fc\u015f\u00fck tahvil faizi ve zay\u0131f dolar hareketi uzatabilir.<\/li>\n\n\n\n<li>4.330 yukar\u0131 y\u00f6n i\u00e7in ana test. Burada ba\u015far\u0131s\u0131zl\u0131k fiyat\u0131 yeniden 4.260\u2019a \u00e7ekebilir.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">USOil<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2026\/06\/3884ce49-0312-4f30-9af9-0b77cae456b1.png\" alt=\"\" class=\"wp-image-52464\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>USOil, ABD-\u0130ran bar\u0131\u015f haberleri sonras\u0131 a\u015fa\u011f\u0131 y\u00f6nl\u00fc bo\u015flukla (gap: fiyat\u0131n bir seviyeden atlayarak a\u00e7\u0131lmas\u0131) a\u00e7\u0131ld\u0131 ve 81,92 seviyesinin alt\u0131na indi.<\/li>\n\n\n\n<li>Fiyat 81,92\u2019nin alt\u0131nda kal\u0131rsa bir sonraki d\u00fc\u015f\u00fc\u015f seviyesi 76,778.<\/li>\n\n\n\n<li>Hareketi, talep verilerinden \u00e7ok anla\u015fman\u0131n kal\u0131c\u0131l\u0131\u011f\u0131 ve H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019n\u0131n olas\u0131 yeniden a\u00e7\u0131lma takvimi belirleyebilir.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">SP500<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2026\/06\/f720d329-05c9-426d-b1de-b451d4eefce4.png\" alt=\"\" class=\"wp-image-52460\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>SP500, ABD-\u0130ran taraf\u0131ndaki olumlu geli\u015fmelerin ard\u0131ndan 7.450 b\u00f6lgesinin \u00fczerinde bo\u015flukla a\u00e7\u0131ld\u0131.<\/li>\n\n\n\n<li>N\u00f6tr Fed, 7.560 testini destekleyebilir. \u015eahin dot\u2019lar risk i\u015ftah\u0131n\u0131 (yat\u0131r\u0131mc\u0131lar\u0131n riskli varl\u0131klara y\u00f6nelme iste\u011fi) azaltabilir.<\/li>\n\n\n\n<li>7.560 yukar\u0131 y\u00f6n tetik seviyesi. 7.450\u2019nin alt\u0131na d\u00f6n\u00fc\u015f, y\u00fckseli\u015fin g\u00fcc\u00fcn\u00fc zay\u0131flat\u0131r.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">BTCUSD<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2026\/06\/0170ad17-e7ef-440a-b283-ea591ca67acd.png\" alt=\"\" class=\"wp-image-52462\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bitcoin son dip b\u00f6lgesinden toparland\u0131; 65.000\u201366.500 diren\u00e7 alan\u0131na do\u011fru ilerliyor.<\/li>\n\n\n\n<li>Daha y\u00fcksek tahvil faizi ve daha g\u00fc\u00e7l\u00fc dolar, y\u00fckseli\u015fi s\u0131n\u0131rlayabilir. Fed\u2019in daha yumu\u015fak dili al\u0131mlar\u0131 destekleyebilir.<\/li>\n\n\n\n<li>\u00d6nce 65.000 ve 66.500 izlenebilir. Sat\u0131\u015f gelirse 58.700 ve 54.000 sonraki destekler.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Sonu\u00e7<\/h2>\n\n\n\n<p>Bu hafta, Warsh\u2019\u0131n ilk FOMC bas\u0131n toplant\u0131s\u0131, dot plot ve Haziran sonras\u0131 faiz patikas\u0131n\u0131n nas\u0131l fiyatlanaca\u011f\u0131na odaklan\u0131yor. Ana senaryo \u201c\u015fahin sabit\u201d: faiz de\u011fi\u015fmez, ancak Fed erken indirim beklentilerine mesafe koyar. T\u00dcFE %3,8, \u00e7ekirdek T\u00dcFE %2,8, Brent 90 dolar\u0131n \u00fczerinde ve uzun vadeli tahvil faizleri %5\u2019in \u00fcst\u00fcnde oldu\u011fu i\u00e7in Warsh\u2019\u0131n sert bir ton kullanmas\u0131 beklenir. H\u00fcrm\u00fcz Bo\u011faz\u0131 a\u00e7\u0131l\u0131r ve petrol 65\u201370 dolara gerilerse enflasyon g\u00f6r\u00fcn\u00fcm\u00fc ileride yumu\u015fayabilir; ancak Fed ton de\u011fi\u015ftirmek i\u00e7in net kan\u0131t arar. USDX, XAUUSD, USOil, SP500 ve BTCUSD; dot plot, tahvil faizleri ve enerji haberlerine en h\u0131zl\u0131 tepkiyi verebilir.<\/p>\n\n<p>\n\n<p><strong>Hemen i\u015flem yapmaya ba\u015flay\u0131n &#8211; Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in <a href=\"https:\/\/www.vtmarkets.com\/tr\/trade-now\/\">buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>Piyasalar nefesini tuttu: Fed faizi sabit b\u0131raksa da Warsh\u2019\u0131n ilk dot plot\u2019u y\u00f6n\u00fc belirleyebilir. T\u00dcFE %3,8 bask\u0131s\u0131yla \u201c\u015fahin sabit\u201d \u00f6ne \u00e7\u0131k\u0131yor; dolar, alt\u0131n, hisse, Bitcoin oynayabilir.<\/p>\n","protected":false},"author":87,"featured_media":49242,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[48,73],"tags":[],"class_list":["post-49236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-week_ahead"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/49236","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=49236"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/49236\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media\/49242"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=49236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=49236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=49236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}