Here's What Markets Are Doing In The Final Minutes Before The October Jobs Report

We're about to get the October jobs report at 8:30.

This is historically the single-biggest market mover of any economic data release.

Headed into the report, S&P 500 futures are up 0.1%.

Meanwhile, the dollar is breaking lower against both the euro and the yen.

Gold just spiked but has since come back down, and is trading around $1310 an ounce, up 0.1%.

And 10-year U.S. Treasury futures are drifting lower. Currently, they are down 0.1%.

Some of Wall Street's top strategists seem to think a nonfarm payrolls number in excess of 150,000 could wreak havoc on markets, as it would move up the Federal Reserve's timetable for tapering down quantitative easing in the minds of market participants.

Tom di Galoma, managing director at ED&F Man Capital, says traders are passing around a "whisper number" of 180,000 this morning.

The dashboard below shows a snapshot of various markets at 8:23 AM ET. Top left is S&P 500 futures, followed by the dollar-yen and euro-dollar exchange rates.

The bottom three from left to right are gold, 10-year U.S. Treasury futures, and WTI crude oil futures.