First Light · Monday, 3 August 2026

Overnight, while the US slept

We came into the weekend with markets calm and the dollar sliding — then the US and Israel struck Iran, and everything that protects you in a crisis got bought. Gold jumped, the Japanese yen surged, and cryptocurrencies were dumped hard, with billions sold in minutes. This week is huge regardless: the US jobs report lands Friday and will shape whether the Federal Reserve cuts or holds. My read: the war premium is back in the driver's seat, and I'm leaning toward the things that go up when people are scared.

Today’s trade ideas

XAUUSDLONGbuying the weekend gap on the haven bidlevels for subscribers
USDJPYSHORTselling the bounce in a yen the world is buyinglevels for subscribers
ETHUSDSHORTselling the bounce after the risk-off flushlevels for subscribers

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General market commentary only — not personal financial advice. Levels and ideas are illustrative and tracked on a simulated (paper) account. Past performance is not a reliable indicator of future results.