Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

Markets are eerily calm right now as traders await a tsunami of corporate earnings.

Don't get complacent! 

1) Earnings

The owner of T.G.I. Friday's and Jamba Juice, Inventure Foods (SNAK), is reporting ahead of the open, alongside Discovery (DISCK), Martha Stewart Living (MSO), Priceline (PCLN, Tech30), Kate Spade (KATE), Ralph Lauren (RL), Sodastream (SODA), Wendy's (WEN) and CNN's parent company Time Warner (TWC).

Then after the close we'll hear from Tesla (TSLA), Transocean (RIG), 21st Century Fox (FOXA), CBS (CBS), Fitbit (FIT), Herbalife (HLF) and GoDaddy (GDDY). 

2) Stock market movers

U.S. stock futures are relatively steady, but some companies are swinging around.

Disney (DIS) shares are tumbling by about 6% premarket as traders react to the company's latest earnings. The results were mixed, with earnings exceeding market expectations but revenue fell short.

On the flip side, expect shares in First Solar (FSLR) to rally by about 6% at the open after releasing well-received earnings Tuesday evening. 

3) Economics

The Institute for Supply Management is releasing data at 10 a.m. ET showing the health of the U.S. services sector in July. The previous report showed business has been growing.

Crude oil inventory data from the U.S. is released at 10:30 a.m, which could result in some brisk trading. Currently, crude futures are trading just below $46 per barrel after falling by about 20% last month.

4) Greek bank crash continues

European markets are mostly advancing in early trading, with miners leading the way higher.

But again, Greek markets are declining. The key Athens index is down by about 3%, with nearly all Greek banks crashing by about 30% for a third day. Investors are racing for the exit because they fear the banks will have to be restructured as part of Greece's new bailout.

Asian markets ended with mixed results. Key stock markets in China and Australia lost some ground while all the others pushed higher.

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What is it? Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions.

When? At 9:30pm Eastern Time

Trading Tip: If the actual number is higher than the forecast, you can expect the AUD to rise.

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What is it? This is vital economic data released shortly after the month ends. The combination of importance and earliness makes for hefty market impacts.

When? At 9:30pm Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the AUD to rise.

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What is it? It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy. Survey of about 400 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.

When? At 10:00am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.

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What is it? The goods portion has limited impact because it's a duplicate of the Goods Trade Balance data released about 5 days earlier. A positive number indicates that more goods and services were exported than imported. Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers.

When? At 8:30am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.

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What is it? A positive number indicates that more goods were exported than imported. About 65% of Canadian exports are purchased by the US. Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers.

When? At 8:30am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the CAD to rise.

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What is it? This data provides an early look at employment growth, usually 2 days ahead of the government-released employment data that it's designed to mimic. Source changed series calculation formula in Feb 2007, Dec 2008, and Nov 2012, to better align with government data. Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity. ADP provides payroll services to US corporations, and they analyze data from around 400,000 customers to derive employment growth estimations.

When? At 8:15am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.

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