The past week saw the US dollar maintain its strength, buoyed by a robust US retail sales report. In contrast, the euro displayed vulnerability following the European Central Bank's policy decision. ECB President Christine Lagarde emphasized the importance of data dependency, yet her remarks did little to appease concerns over the European economy's outlook. Should economic data fail to improve, suspicions that the ECB is falling behind the curve may escalate among market participants.

As of today, major currencies have shown little dynamism. The USD/JPY briefly touched above the 150.00 mark but has currently settled slightly below it, influenced by a modest uptick in Treasury yields yesterday. Gold continues to glimmer, advancing beyond $2,700, capturing the market's attention with its ongoing upward trajectory. As we turn towards today's trading session, the primary focal point will be the UK retail sales report. Expectations lean towards a slight decline in sales for September, which could signal a contemplative end to the week's trading activities.

The dollar remains in a forward stance, with EUR/USD slipping below its 200-day moving average, now setting sights on a potential move towards the 1.0800 level. Meanwhile, traders will be closely monitoring USD/JPY to see if it can sustain a position above 150.00, despite facing resistance from its 100-day moving average at 150.81. Today, with limited significant economic news expected, traders may find themselves relying on broader market sentiments and technical signals for direction.

As we proceed, I wish everyone a successful trading session. Let's remain vigilant and cautious in these ever-shifting market conditions. May your trading be both fruitful and secure.