The U.S. Dollar is posting strong gains this morning following comments by Treasury Secretary Geithner. In a speech, Geithner pledged that the Obama administration will not devalue the currency.

The September Euro is trading higher overnight driven by increased appetite for risk. Global equity markets are trading better which is leading investors to seek higher yields in more risky currencies like the Euro.

It is a well-known fact among serious traders and technical analysts that W.D. Gann used financial astrology or the study of natural cycles to predict turns in the market and to execute precise entries and exits.