Non-Farm Payroll (NFP) Betting Predictions for July

Consensus: 127,000
ADP: 48,000

This is one of the larger divergences between the two estimates of NFP.

Dailyfx isn't optimistic about an upside surprise:

Risk aversion has skyrocketed and the world has been pushed into a global credit crunch. The only thing that can bring back optimism and revive carry trades is a report of strong job growth in the month of July. Unfortunately the divergences in the leading indicators for non-farm payrolls make it very difficult to figure out whether non-farm payrolls will be strong or weak.

****Update****
Actual NFP: 92,000