Headland Research First Light · a daily market briefing

First Light · Friday, 28 August 2026

Your eyes and ears on the Asian session — while the US sleeps.

A daily, marked-to-market briefing on gold, FX and crypto — read from Australia while the US sleeps through the Asian session. First Light lands in your inbox each trading morning.

Published every trading morning since 12 June 2026 · 55 briefings on the public record · every idea tracked, win or lose

Track record — simulated paper bookas of 2026-08-30
$2,045
Realised P&L
47.2%
Win rate
1.17
Profit factor
181
Trades closed
−17.7%
Max drawdown

Simulated paper account — launched 6 May 2026 with a notional $10,000, every idea tracked win or lose. Simulated results have inherent limitations and do not represent actual trading. Past performance is not a reliable indicator of future results. See the full record →

How First Light works

I Evening, your time

Read First Light after work

Wall Street is shut and the Asian session is where the overnight moves happen. One concise briefing lays out the wrap, the calendar, and the day’s ideas.

II Before you sleep

Place your resting orders

Each idea comes with entry, stop and target levels — the order mechanics, so a plan can sit working overnight while you’re asleep.

III Breakfast

Check the result

Wake up to the outcome. Every idea is then marked to market on the public paper book — win or lose, no cherry-picking.

From this morning’s briefing Friday, 28 August 2026
The single biggest thing that happened this week wasn't the inflation number — it was oil falling more than 7% after Iran and Oman struck a deal over the Strait of Hormuz. Cheaper energy takes the sting out of the inflation argument, and overnight you could see the market start to believe it: bond yields eased, the dollar handed back its gains, and gold bounced hard off its lows. Tonight the new Fed chair gives his first big speech, and everything hinges on whether he agrees.
Today’s ideas
  • XAUUSDLONG buying the washout retest levels for subscribers
  • USDJPYSHORT selling the ceiling into Tokyo CPI / intraday-to-swing levels for subscribers
  • ETHUSDLONG bidding the shelf under the August re-rating levels for subscribers
Read this morning’s briefing →
I

Done-for-you overnight research

Overnight wrap, the day’s calendar, and a handful of specific ideas with levels. Market commentary, not advice.

II

A public, marked-to-market record

Every idea tracked on a simulated paper book — no screenshots of the good days only. Public and continuous.

III

Research-firm discipline

Numbers over adjectives. Calibrated conviction, honest about losses. The tone of a research desk, not a hype channel.

Read the session. Place your orders. Sleep.

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