{"id":36684,"date":"2014-10-31T10:45:13","date_gmt":"2014-10-31T08:45:13","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=36684"},"modified":"2014-10-31T10:45:13","modified_gmt":"2014-10-31T08:45:13","slug":"uzeyir-dogan-piyasalar-neyi-fiyatliyor","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/uzeyir-dogan-piyasalar-neyi-fiyatliyor\/","title":{"rendered":"\u00dczeyir Do\u011fan &#8211; Piyasalar neyi fiyatl\u0131yor?"},"content":{"rendered":"<p><strong><em>\u00d6nceki haftalarda Fed \u00fcyelerinin a\u00e7\u0131klamalar\u0131 ile \u00fcr\u00fcnler ve piyasalar aras\u0131nda ba\u015flayan ayr\u0131\u015fmalar Fed toplant\u0131s\u0131n\u0131n geride kalmas\u0131na ra\u011fmen devam ediyor. <\/em><\/strong><\/p><div class=\"bilge-yaziust\" style=\"margin-top: 10px;margin-bottom: 10px;\" id=\"bilge-667826431\"><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>Fed\u2019in varl\u0131k al\u0131m program\u0131n\u0131 sonland\u0131rmas\u0131 ve istihdamdaki iyile\u015fmeye y\u00f6nelik a\u00e7\u0131klamalar\u0131n\u0131n ard\u0131ndan Avrupa Merkez Bankas\u0131\u2019n\u0131n varl\u0131\u011fa dayal\u0131 menkul k\u0131ymet al\u0131m haberi ve bu sabah Japonya Merkez Bankas\u0131\u2019n\u0131n s\u00fcrpriz parasal geni\u015fleme karar\u0131 da volatilitenin artmas\u0131na neden oldu. Son g\u00fcnlerdeki hareketlere bat\u0131\u011f\u0131m\u0131zda borsalarda Fed \u00f6ncesi al\u0131nan pozisyonlar\u0131n Fed\u2019den beklenen politika de\u011fi\u015fikli\u011fi gelmemesine kar\u015f\u0131n korunmaya devam etti\u011fini g\u00f6r\u00fcyoruz. Faizler taraf\u0131nda ise daha farkl\u0131 bir g\u00f6r\u00fcn\u00fcm var ABD\u2019de 2 y\u0131ll\u0131k faizler son haftalarda %0,20\u2019den %0,50\u2019ye kadar \u00e7\u0131karken, ge\u00e7ti\u011fimiz haftalarda %2\u2019nin alt\u0131n\u0131 test eden 10 y\u0131ll\u0131klar da %2,30 civar\u0131na \u00e7\u0131km\u0131\u015f durumda. Alt\u0131n ABD d\u0131\u015f\u0131ndan gelen parasal geni\u015fleme haberlerine kar\u015f\u0131n dolar\u0131n de\u011ferlenmesini ve ABD\u2019de faizlerin art\u0131\u015f\u0131n\u0131 fiyatlayarak bu sabah 1,170 dolar civar\u0131na kadar geriledi. Petrol ise 83\/84 dolar civar\u0131nda dip bulduktan sonra 84\/87 dolar aral\u0131\u011f\u0131nda dalgalanarak bu karma\u015f\u0131k yap\u0131y\u0131 en az fiyatlayan \u00fcr\u00fcnlerden biri olarak kar\u015f\u0131m\u0131za \u00e7\u0131k\u0131yor. Dolar ise maj\u00f6r para birimlerine kar\u015f\u0131 de\u011fer kazan\u0131rken, geli\u015fmi\u015f \u00fclkeler d\u0131\u015f\u0131ndaki bir\u00e7ok para birimi kar\u015f\u0131s\u0131nda de\u011fer kaybediyor. Bu durum daha \u00f6nce al\u0131\u015f\u0131k oldu\u011fumuz yap\u0131n\u0131n yani Fed fiyatlamas\u0131n\u0131n d\u0131\u015f\u0131na \u00e7\u0131k\u0131ld\u0131\u011f\u0131n\u0131n yani \u00fcr\u00fcnler ve piyasalar baz\u0131nda daha spesifik etkilerin fiyatland\u0131\u011f\u0131n\u0131n bir g\u00f6stergesi. Zaman zaman piyasalarda bu t\u00fcr d\u00f6nemler olsa da piyasalar aras\u0131 ge\u00e7i\u015fkenli\u011fi g\u00f6z \u00f6n\u00fcnde bulundurdu\u011fumuzda bu t\u00fcr ayr\u0131\u015fmalar\u0131n \u00e7ok uzun soluklu olmayaca\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcyoruz.<\/p>\n<p>B\u0130ST\u2019e bakt\u0131\u011f\u0131m\u0131zda ise son haftalardaki yorumlar\u0131m\u0131zda Fed\u2019in politika de\u011fi\u015fikli\u011fine gitmesini beklemedi\u011fimizi ifade ederek, varl\u0131k al\u0131m program\u0131n\u0131n sonland\u0131r\u0131lmas\u0131n\u0131n ard\u0131ndan, faiz tart\u0131\u015fmalar\u0131n\u0131n da gecikmeyece\u011fini bunun da geli\u015fmekte olan \u00fclkeler i\u00e7in sanc\u0131l\u0131 bir d\u00f6nemi i\u015faret etti\u011fini vurguluyorduk. Bu senaryo alt\u0131nda da BIST 100\u2019\u00fcn 78,000 \u00fczerinde kal\u0131c\u0131 bir hareket olu\u015fturmas\u0131n\u0131 beklemedi\u011fimizi ifade ediyorduk. Ancak B\u0130ST 100 bug\u00fcn itibariyle 81,000\u2019e kadar y\u00fckseldi. Buna kar\u015f\u0131n biz temkinli olunmas\u0131 gerekti\u011fi g\u00f6r\u00fc\u015f\u00fcm\u00fcz\u00fc korumaya devam ediyoruz. Son zamanlarda t\u00fcm sorunlar hal\u0131n\u0131n alt\u0131na s\u00fcp\u00fcr\u00fclm\u00fc\u015f olsa da ge\u00e7ti\u011fimiz haftalarda endeksi 72 binli rakamlara kadar indiren olumsuz geli\u015fmelerden piyasalar lehine \u00e7\u00f6z\u00fcm bulmu\u015f olan bir konu g\u00f6remiyoruz. Bu nedenle ba\u015flang\u0131\u00e7ta bir tepki olarak bizim de bekledi\u011fimiz bu hareketin, beklentilerimiz \u00fczerindeki seviyelere ula\u015f\u0131lm\u0131\u015f olsa da tepki ve ara trend olmaktan \u00e7\u0131karak yeni bir sa\u011fl\u0131kl\u0131 y\u00fckseli\u015f trendi olu\u015fturdu\u011funu d\u00fc\u015f\u00fcnm\u00fcyoruz.<\/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>\u00d6nceki haftalarda Fed \u00fcyelerinin a\u00e7\u0131klamalar\u0131 ile \u00fcr\u00fcnler ve piyasalar aras\u0131nda ba\u015flayan ayr\u0131\u015fmalar Fed toplant\u0131s\u0131n\u0131n geride kalmas\u0131na ra\u011fmen devam ediyor. Fed\u2019in varl\u0131k al\u0131m program\u0131n\u0131 sonland\u0131rmas\u0131 ve&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":[808,801,876],"class_list":["post-36684","post","type-post","status-publish","format-standard","hentry","category-tumyazilar","tag-ekonomi-makaleleri","tag-ekonomi-yazarlari-listesi","tag-uzeyir-dogan-yazilari"],"_links":{"self":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/36684","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=36684"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/36684\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=36684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=36684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=36684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}