Forex encyclopedia

Financial Conditions index (IFC) is applied in the USA to define market liquidity and measure risk. Value is calculated on the basis of more than 100 various figures of financial activity in the country. Index with plus tells about tough financial conditions formed by that moment, whereas its negative value signalizes about a freer economic climate.  
On Balance Volume (OBV) – is an indicator applied in Forex technical analysis. This indicator was firstly described by Joseph E. Granville in 1963 in his book “New Key to Stock Market Profits” . Author applied the indicator for commodity market analysis, because considered volume figure to be a key driving force. The main point is the possibility to forecast change of price on the basis of changing trading volume. Although at present the indicator “On Balance Volume” has a widespread application for analysis of the Forex market.
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