Here's a super-quick guide to what traders are talking about right now

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Dave Lutz, head of ETFs at JonesTrading, has an overview of today's markets.

• It's jobs day. Check out the numbers here.
• Earnings continue to come in strong, bolstering the US markets.
• The Indian rupee hits two-year highs.
• Natural gas and oil are getting hit.

Here's Lutz:

Good Morning, and Happy Jobs Friday! Markets Quiet ahead of the print at 8:30(180k, 4.3% expected).   US Futures are climbing small as Earnings continues to beat expectations, but that Russell remains mired under the 50d.   Pretty green in Europe, with the DAX up 10bp - Royal Bank of Scotland has banks acting well, while Swiss Re has Insurers getting sold.  The FTSE wrapping it’s best week in 2 months, adding 20bp this AM, as the Miners jump and Staples continue to see inflows.    Volumes are darn light tho, with EuroStoxx volumes off 30%.    Some profit-taking in Asia - Nikkei lost 40bp as the Yen gathered steam - Aussie lost 30bp as Commonwealth bank got hit – Shanghai off 40bp as “Trade War” headlines accelerate, while Hong Kong managed to close up small.  Volumes terrible there as well, with the major exchanges showing 20-30% light turnover.

The US 10YY is climbing small, as the German Bunds see some light profit-taking.  The Dollar remains under pressure again this AM - Euro Climbing as Germany Factory orders beat - Short-Cover of Aussie $s despite Reserve Bank slashing Economic forecasts and Retail Sales missing – Sterling rebounds from yesterday’s smack, and India’s Rupee hitting 2Y highs.    Metals loving the action, with Ore 2% higher, dragging Silver and Copper north with it.   Gold basically flat, really underperforming the falling Greenback.   The Energy Complex all lower, with Natty off almost 2%, and WTI getting beaten back on every attempt to retake $49

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