Here's A 10-Second Guide To What Traders Are Chatting About Right Now

New york stock exchange traderREUTERS/Brendan McDermidTraders work on the floor of the New York Stock Exchange February 19, 2014.

Dave Lutz of Stifel Nicolaus has a roundup of what traders are chatting about ahead of the U.S. market open:

Good Morning! US Futures are slightly higher, with the E-Minis dancing near 1840 on this Expiry Friday as Sentiment improves over reports of a Ukraine deal — EU Markets are mixed in light trade, with the DAX adding small in volumes 35% below 20day averages. EU Fins remain under pressure, as do Fins globally — they have been serial underperformers in February. In Asia, the Yen’s drop brought another 3% Nikkei surge, Japan’s Topix posted the biggest weekly rally since November — Nikkei futures are holding those gains still. Shanghai lost 1.2% on profittaking in some of the Oils that surged yesterday — while Miners jumped in Aussie, dragging the ASX to it’s highest close in 6 years. Looking at EM, Ukraine’s FX is jumping higher, and CDS dropping — as reports of a deal outweigh the S&P downgrade overnight. Stay focused on Brazil, who’s equity market is one of the worst performers this week — as Brazil is the “last Line” in the sand between EM angst bleeding into Developed markets. We are keeping an eye on the consumer names — and many are seeing a nice pre-opening pop: WEN is up 5%, JCP 4%, and YELP, LULU and PCLN all adding 2%+. The Loser of the overnight is GRPN, which is off 27% from last night’s earnings induced spike to $US12.

The 10YY is flat, after being rejected from 2.76% several times in the last 24 hours — but remains above the 100dma. The DXY is stronger, making gains against both € and Yen — causing a headwind for commodities. While Gasoline, Brent and WTI are all in the red — the Moonshot in Natty continues, with the commodity adding almost 3% overnight, bringing the week’s gains near 50%. Coffee, however, continues to rally, adding 2% – and is now up almost 55% over the last 5 sessions as concerns mount on crops. Gold is popping, and nearing week highs, after it neared a test of the 200dma after yesterday’s TIPs auction, which the sale of $US9B in Inflation Protected securities drew the lowest demand in over 12 years. We are getting G20 headlines ahead of the meet in Aussie this weekend — With heavy focus on EM repairing their balance sheets to weather the global tapering — and a large emphasis on encouraging global growth. Scheduled Catalysts today include Existing Home Sales for January at 10, a Small POMO at 11 – Fed’s Bullard Speaks on Economy in St. Louis at 1:10 — and we have Expiration on the opening and close. At some point, we will get some EU ratings headlines – Fitch on Ireland, Moody’s on Spain.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.