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The effect of the release of economic data is under "fundamental analysis." Fundamental analysis involves analyzing economic indicators, news releases, and other factors that affect the underlying value of a currency. Traders use this analysis to understand the broader economic conditions of a country or region and how those conditions might impact currency prices in the forex market.
The effect of the release of economic data is typically under the realm of fundamental analysis in the context of financial markets, including forex trading.
The analysis of the effect of the release of economic data typically falls under the category of "Event Study Analysis" or "Event Analysis."