Dollar traders will pay close attention to US CPI this week

The road to the January FOMC meeting is going to be long and full of twists and turns. This week we have the US CPI data out which is what the market is using to bang the heads of the FOMC members together. Due to the Fed’s reluctance to act quickly to suppress rising inflation, we are now at a point where the CPI is at levels not seen since the 1980s. There will be a lot of important forward guidance out from FOMC members, with importance being placed on the Doves becoming more Hawkish. 

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7:24 DOW JONES

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8:04 TLT

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10:20 AUD/JPY