{"id":34801,"date":"2014-07-16T09:31:40","date_gmt":"2014-07-16T06:31:40","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=34801"},"modified":"2014-07-16T09:31:40","modified_gmt":"2014-07-16T06:31:40","slug":"uzeyir-dogan-yellen-sonrasi-tcmb-oncesi-piyasalarimiz","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/uzeyir-dogan-yellen-sonrasi-tcmb-oncesi-piyasalarimiz\/","title":{"rendered":"\u00dczeyir Do\u011fan &#8211; Yellen sonras\u0131, TCMB \u00f6ncesi piyasalar\u0131m\u0131z"},"content":{"rendered":"<p><strong><em>Endeks d\u00fcn Hazine ihalelerindeki g\u00fc\u00e7l\u00fc talep ve faiz indirimi beklentisiyle d\u0131\u015far\u0131daki olumsuz havaya ra\u011fmen y\u00fckseldi. <\/em><\/strong><\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-1818683207\"><ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-7495567325667578\"\r\n     data-ad-slot=\"9580705384\"\r\n     data-ad-format=\"rectangle\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Avrupa taraf\u0131nda veriler hayal k\u0131r\u0131kl\u0131\u011f\u0131 yaratmaya devam ederken, ge\u00e7ti\u011fimiz hafta tahvil kuponlar\u0131n\u0131 \u00f6deyemeyerek g\u00fcndeme gelen Portekiz bankas\u0131 Banco Espirito hakk\u0131ndaki plan\u0131n da netle\u015fmemesi negatif havada etkili oluyor. ABD taraf\u0131nda ise d\u00fcn Fed Ba\u015fkan\u0131 Yellen\u2019in konu\u015fmas\u0131 vard\u0131. Fed\u2019in faiz art\u0131\u015f plan\u0131 hakk\u0131nda takvim vermekten ka\u00e7\u0131nan Yellen, sterilizasyon i\u00e7in ileride kurumlara ters repo imkan\u0131 tan\u0131nmas\u0131n\u0131n se\u00e7enekler aras\u0131nda olabilece\u011fini vurgulamas\u0131 dolar\u0131n de\u011ferlenmesine ve dolarla de\u011ferlenen varl\u0131klar\u0131n da fiyatlar\u0131nda d\u00fc\u015f\u00fc\u015fe neden oldu. Fed\u2019in kurumlara ters repo imkan\u0131 tan\u0131mas\u0131n\u0131 \u00f6zetle, kurumlar\u0131n ellerindeki fazla nakitleri belirli bir faiz \u00fczerinden Fed\u2019e yat\u0131rmas\u0131 ve kar\u015f\u0131l\u0131\u011f\u0131nda hazine tahvili almalar\u0131 olarak \u00f6zetleyebiliriz. Fed bu sayede sunaca\u011f\u0131 faiz oran\u0131na ve limitlere g\u00f6re piyasadaki dolar miktar\u0131n\u0131 etkileyebilecek. Bu konu hemen uygulamaya al\u0131nacak olmasa da sterilizasyon kelimesi ve y\u00f6ntemi Fed Ba\u015fkan\u0131\u2019n\u0131n a\u00e7\u0131klamalar\u0131nda ilk defa bu kadar net yer buldu. Bu durum Yellen\u2019in piyasay\u0131 bu s\u00fcrece haz\u0131rlamas\u0131 \u015feklinde yorumland\u0131. D\u00fcnk\u00fc a\u00e7\u0131klamalarda dikkat \u00e7eken bir di\u011fer konu da son Fed toplant\u0131 tutanaklar\u0131n\u0131n ard\u0131ndan baz\u0131 \u00fcr\u00fcn gruplar\u0131n\u0131n fiyatlar\u0131ndaki balon olu\u015fumunun vurgulanmas\u0131yd\u0131. Fed\u2019in balon vurgusu Fed tutanaklar\u0131 sonras\u0131nda da ifade etti\u011fimiz gibi al\u0131m i\u015ftah\u0131n\u0131 azaltacak bir etken. Bu olumsuz taraflara ra\u011fmen faiz art\u0131\u015f\u0131 ve ard\u0131ndan sterilizasyon s\u00fcreci hakk\u0131nda net bir tarih olmamas\u0131, piyasan\u0131n en az\u0131ndan \u00f6n\u00fcm\u00fczdeki 6 ay i\u00e7inde b\u00f6yle bir ad\u0131m beklemesi olumsuz etkiyi s\u0131n\u0131rlayacakt\u0131r.<\/p>\n<p>A\u00e7\u0131klamalar sonras\u0131 ABD\u2019de endeksler kar\u0131\u015f\u0131k bir kapan\u0131\u015f yaparken, Avrupa cephesinde kendi i\u00e7 dinamiklerinin de etkisiyle sert d\u00fc\u015f\u00fc\u015fler vard\u0131. Bu sabah Asya piyasas\u0131 ise bu a\u00e7\u0131klamalar\u0131n ard\u0131ndan \u00c7in\u2019in b\u00fcy\u00fcme verisinin beklentileri a\u015fmas\u0131 ile kar\u0131\u015f\u0131k bir seyir izliyor. Endekste ise d\u00fcn bu a\u00e7\u0131klamalar k\u0131smen fiyatland\u0131\u011f\u0131 i\u00e7in hafif ekside yataya yak\u0131n bir ba\u015flang\u0131\u00e7 beklenebilir. Sonras\u0131nda yukar\u0131da 82,000 \u00e7ok g\u00fcl\u00fc diren\u00e7 konumunda, a\u015fa\u011f\u0131da ise k\u0131sa vadede 80,500 \u00f6nemli destek noktas\u0131 iken, 80,000 alt\u0131 bir kapan\u0131\u015f negatif bask\u0131n\u0131n artmas\u0131na neden olabilir. TCMB\u2019nin yar\u0131nki faiz karar\u0131 g\u00f6r\u00fclmeden endekste bu seviyeler aras\u0131nda bir dalgalanma ya\u015fanmas\u0131 daha olas\u0131 g\u00f6r\u00fcl\u00fcyor.<\/p>\n<p>\u00dczeyir Do\u011fan&#8217;\u0131n t\u00fcm yaz\u0131lar\u0131: <a href=\"http:\/\/www.uzeyirdogan.com\" target=\"_blank\" data-wpel-link=\"external\" rel=\"nofollow external noopener\">www.uzeyirdogan.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Endeks d\u00fcn Hazine ihalelerindeki g\u00fc\u00e7l\u00fc talep ve faiz indirimi beklentisiyle d\u0131\u015far\u0131daki olumsuz havaya ra\u011fmen y\u00fckseldi. Avrupa taraf\u0131nda veriler hayal k\u0131r\u0131kl\u0131\u011f\u0131 yaratmaya devam ederken, ge\u00e7ti\u011fimiz hafta&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[769,808,801,876],"class_list":["post-34801","post","type-post","status-publish","format-standard","hentry","category-tumyazilar","tag-borsa-yorumlari-gunluk","tag-ekonomi-makaleleri","tag-ekonomi-yazarlari-listesi","tag-uzeyir-dogan-yazilari"],"_links":{"self":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/34801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=34801"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/34801\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=34801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=34801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=34801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}