Pips for Breakfast
The moves, the mayhem, and the lessons that still matter.
Pips for Breakfast: February 20, 2026
Japan's inflation just dipped to 1.5%, which means the Bank of Japan's dreams of a normal interest rate environment are currently on life support.
Pips for Breakfast: February 19, 2026
Japan's machinery orders just surged 19.1%, which is either a sign of a massive industrial rebirth or a very expensive clerical error.
Pips for Breakfast: February 18, 2026
The FOMC is about to release its diary from two weeks ago, and the market is already practicing its shocked face.
Pips for Breakfast: February 17, 2026
The RBNZ is about to spend an evening explaining why 2.25% is exactly the right amount of expensive.
Pips for Breakfast: February 16, 2026
Japan's GDP missed estimates and US markets are closed, leaving the rest of us to pretend that Singapore's export data is the most exciting thing happening on...
Pips for Breakfast: February 15, 2026
In 1971, the UK decided that having 240 pence to a pound was too much math for the average citizen.
Pips for Breakfast: February 13, 2026
Today the US CPI print decides if your weekend involves champagne or a very long conversation with your risk manager.
Pips for Breakfast: February 12, 2026
The Bank of Japan is currently watching the Yen with the same intensity a cat watches a laser pointer, and we all know how that usually ends for the furniture.
Pips for Breakfast: February 11, 2026
NFP day is the one day a month where we all look at a single, likely-to-be-revised number and decide the fate of the global reserve currency.
Pips for Breakfast: February 10, 2026
Washington and New Delhi just shook hands on a half-trillion dollar trade deal, proving that nothing brings two nations together quite like the mutual desire...
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