Tom Holland

Tom Holland

Deputy Global Research Director

Tom helps to steer Gavekal’s global research, with a special focus on energy markets. Before joining Gavekal in 2014 he worked as an analyst and commentator at media organizations including CNBC, The Wall Street Journal and the Far Eastern Economic Review, earning his spurs as the lead foreign exchange analyst for Dow Jones during the 1997-98 Asian currency crisis. He originally started his working life as an exploration geologist, until a collapse in commodity prices forced him into journalism as the traditional refuge of the otherwise unemployable.

Tom Holland's Articles

Selected research

Honestly, Why Bother With Sanctions?
25 Apr 2024
The US imposed sanctions on Iran’s oil exports in 2018, after Donald Trump withdrew from the six-power Iran nuclear deal negotiated under Barack Obama. However, under Biden enforcement has been relatively lax. Tom examines the new US sanctions regime on Iranian oil and the impact on the oil market.
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How High Will The Oil Price Go?
4 Apr 2024
With the Opec+ cartel reiterating on Wednesday that it will maintain its current production targets through June, prevailing market sentiment has reversed sharply since its mid-December trough. But just as the oil market was excessively bearish going into the end of 2023, is sentiment now overly bullish? How high is the oil price really likely to go?
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The BoJ And Japan’s Equity Bull Run
12 Mar 2024
In recent weeks, expectations have grown that the Bank of Japan will exit its negative interest rate policy and formally abandon yield curve control. However, it would be wrong to conclude that the BoJ’s exit from its ultra-easy stance will necessarily call time on Japan’s bull market. Arguably, it could make Japanese equities even more attractive.
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