Performance For The S&P This Past Week

With how much the greenback has been sold, traders won't be looking for much - non-farm payroll growth is expected to rise by only 180K versus 222K in June. As long as job growth exceeds 170K AND wage growth rises 0.3% or more AND the unemployment rate drops from 4.4% to 4.3%, the dollar will soar. However if wage growth grows by 0.2% or less and the unemployment rate holds steady, even another 200K increase in payrolls may not be enough to save the dollar. Aside from NFPs, ADP, pending home sales, manufacturing and non-manufacturing ISM numbers are scheduled for release - all of these numbers will be used to shape the market's expectations for the jobs report. 

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References: https://stockaholics.net/threads/stock-market-today-july-31th-august-4th.4774/