Tom Holland

Tom Holland

Deputy Global Research Director

Tom helps to steer Gavekal’s global research, with a special focus on geoeconomics and 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

Geoeconomic Monitor: The Iran Outcome
Geoeconomic Monitor: The Iran Outcome
Tom Holland, Tom Miller, Yanmei Xie
20 Feb 2026
Tom Holland looks at the momentum that is building for an attack on Iran, considers what the strategic objectives of a new campaign would be, and examines the probable fallout for the global energy markets. Tom Miller turns his lens on the US administration’s efforts to create a trade bloc for critical minerals and assesses their chances of success. Yanmei Xie explores how German industry is conflicted over trade and investment relations with China.
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What To Do With US$1trn?
11 Feb 2026
Since the US dollar to renminbi exchange rate broke through its 31-month floor of CNY7.00 on December 29, the Chinese currency has now strengthened by 1.4%. That might not sound much. But it is enough to set off alarm bells about a possible cascade effect that could prove highly significant for asset markets in Hong Kong.
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Geoeconomic Monitor: Who’s The Real Winner?
6 Feb 2026
Donald Trump says India has agreed to stop buying Russian oil and funding Vladimir Putin’s war machine. And in Panama the annulment of CK Hutchison’s ports contract means Trump can finally claim to have “taken back” the canal. The reality in both is less black-and-white.
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